Question

A man bought two bicycles for ₹3,000 each. If he sells one bicycle at a profit of 10%, then for how much percentage profit should he sell the other bicycle so that he makes a profit of 20% on the whole?

• A. 15
• B. 25
• C. 30
• D. 10

Answer 1

Answer:

C. 30

C.P. of bicycles = 3,000 One bicycle is sold at a profit of 10% S.P. of the bicycle = 3,000 × 110/100 = 3,300 profit of 20% on the whole and total C.P. = Rs 6,000 Total S.P. = 6,000 × 120/100 = 7,200 S.P. of other bicycle = ( 7200 - 3300) = 3,900 C.P. of other bicycle = 3,000 Profit =(3,900 - 3,000) = 9,00 Percentage profit = 900/3000 × 100 = 30