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NCERT Exemplar Solutions Class 7 Mathematics Solutions for Comparing Quantities - Exercise in Chapter 7 - Comparing Quantities

Question 8 Comparing Quantities - Exercise

A bicycle is purchased for ₹ 1800 and is sold at a profit of 12%. Its selling price is

(a) ₹ 1584 (b) ₹ 2016 (c) ₹ 1788 (d) ₹ 1812

Answer:

(b) ₹ 2016

From the question, it is given that,

A bicycle is purchased for ₹ 1800

Bicycle is sold at a profit of 12%.

Its selling price is =?

We know that, Profit percent = (Profit/CP) × 100

12 = (Profit/₹ 1800) × 100

(12 × 1800)/100 = Profit

Profit = 12 × 18

Profit = ₹ 216

Then, Profit = SP – CP

216 = SP – 1800

SP = 216 + 1800

SP = ₹ 2016

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