By selling a bicycle for Rs. 2850, a shopkeeper gains 14%. What was the cost price?

Topic: Profit and Loss
Subtopic: Cost Price

ARs. 2400

BRs. 2500

CRs. 2600

DRs. 2700

Explanation

Cost Price = Selling Price / (1 + Profit%) = 2850 / (1 + 0.14) = 2850 / 1.14 = Rs. 2500.

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