A mechanic purchased two bikes for rs 22500 and rs 18000, respectively. He sold first bike at a profit of 25% and the second bike for a loss of 20%. How much did he sell or loss on both bikes transactions together? What was his overall percentage of profit or loss?
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Answered by
0
Answer:
P%=5%
Step-by-step explanation:
because it is 20-25
Answered by
1
Answer:
1) Cost of Ist. Bike = 22500
Sp=22500x125 / 100 = 28125
2) CP =18000
Sp=18000x80/100 = 14400
Total CP =22500+18000=40500
Total Sp=28125+14400 =42525
SP>CP, hence gain
gain=42525-40500 =2025
gain%=2025x100/40500 = 5% Ans
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