## Discussion

#### Q.

Sugan sold his bicycle at a loss of 30% at ₹ 10500. At what price should he have sold it so as to get a profit of $6\frac{2}{3}%$?

 A. ₹ 18000 B. ₹ 24000 C. ₹20000 D. ₹ 16000

#### Explanation:

CP = 100%    Loss = 30%      SP = 70%

70% = 10500

100% = $\frac{10500}{70}×100$ = 15000

Profit =  $6\frac{2}{3}%$ = $\frac{1}{15}$

SP = 1 + $\frac{1}{15}$$\frac{16}{15}$ of CP = 15000 $×\frac{16}{15}$= ₹ 16000