A man bought two
bikes at equal cost price. He sold one bike at a profit of 14% and sold the
other bike at Rs 4290 more than the cost price. The overall
profit he had on these two bikes is 20%. Find the cost price of each bike?
Answers
Answered by
4
let the price of a bike is rs x. One of them he sold x*(114/100). Other he sold at rs 4290. Total sold price rs x*(114/100)+4290. Total buy price rs 2x. Overall profit (x*(114/100)+4290-2x)/2x*100=20 then (114x-200x)/100=0.5x -4290 then -84x=50x-429000 then -34x=-429000 now x=12617.64(ans)
Similar questions