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# 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

**Solution:**

Given, a bicycle is purchased for ₹1800

The bicycle is sold at a __profit__ of 12%

We have to find the __selling price__

According to the question,

CP = ₹1800

Profit = 12%

We know, Profit % = Profit/CP × 100

Now, 12 = Profit / 1800 × 100

12 = Profit/18

Profit = 12 × 18

Profit = ₹216

We know, Profit = SP - CP

216 = SP - 1800

SP = 216 + 1800

SP = 2016

Therefore, the selling price is ₹2016

**✦ Try This: **A motor bike is purchased for ₹32000 and is sold at a profit of 18%. Its selling price is

**☛ Also Check: **NCERT Solutions for Class 7 Maths Chapter 8

**NCERT Exemplar Class 7 Maths Chapter 7 Problem 10**

## 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

**Summary:**

A bicycle is purchased for ₹1800 and is sold at a profit of 12%. Its selling price is ₹2016

**☛ Related Questions:**

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