Question

A salesma in second bicycle salesman sold two bicycles, each for r$ 1 000. On selline the first bicycle he received a profit of 40 and on d bicycle he incurred a loss of 25%. What was his percentage profit/loss in this transaction

Answer 1

Description for Correct answer:
Let CP of 1 cycle = 10

CP of 2nd cycle = 5

According to question,



Difference in CP = 10 - 5 = 5

units

0.5 unit = 5

1 unit = 50.550.5

5 units = 50.5×550.5×5 = Rs. 50