Question:
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:

Option A):
Rs. 3000
Option B):
Rs. 2,600
Option C):
Rs. 2,700
Option D):
Rs. 2,800

Correct Answer is Option C):
Rs. 2,700

Explanation:
CP of bicycle = 100/114*2850 = Rs. 2500;
SP for a profit of 8% = 108/100*2500 = Rs. 2700.