Question

A man purchased a
car and a bike for
2,60,000. He sells
the bike at 20% loss
and the car at 30%
profit. On the whole
transaction he earns
a profit of 18,000.
Find the SP of the
bike.​

Answer 1

Answer:

Let the price of car be X and the price of bike be y.

Actual price of car : 30%× X= 18000

or, 30X/100=18000

or, 30X = 1800000

or, X = 60000

Actual price of bike : Rs. 200000-60000

= Rs. 140000

Loss on bike = 20%×140000

= Rs. 28000

selling price of bike = Rs. 140000-28000

= Rs. 112000