By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:	Options:
A) Rs. 2,600
B) Rs. 2,700
C) Rs. 2,800
D) Rs. 3000
E) NOne
Solution: Let Cost Price was X.   X + 14% of X = 2850   X + 14X/100 = 2850   X + 0.14X = 2850   1.14X = 2850   X = 2500.   So, Cost Price = Rs. 2500.   Now, Selling Price When profit remains at 8%,   = 2500 + 8% of 2500   = Rs. 2700.   Short-Cut   CP of bicycle = 100/114*2850 = Rs. 2500;   SP for a profit of 8% = 108/100*2500 = Rs. 2700.   Answer: Option Rs. 2,700
<result>B</result>
By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be: