Question:
Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was
Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was
Updated On: Aug 21, 2024
- 8000
- 6000
- 4000
- 2000
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The Correct Option is C
Solution and Explanation
Let the cost of each bicycle be denoted as x.
Considering the provided condition:
\(10x + 2000 = 6×1.25x + 4×0.75x\)
\(⇒x=4000\)
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