Question

A shopkeeper purchases to old bicycle at rupees 3400 he sells one of them at a loss of 4% and what price he sells The Other bicycle so that he earns an overall profit of 8%

Answer 1

The second bicycle would be sold at RS.2040 to earn the overall profit as 8%.

Answer 2

Solutions :-

We have,

Cost of two cycles = Rs 3400
Cost of each cycle = Rs 3400/2 = Rs 1700

Find the Selling price of 1 cycle at a loss of 4% :-

S.P = C.P - Loss % of C.P
= 1700 - 4% of 1700
= 1700 - 0.04 × 1700
= 1700 - 68
= 1632

Again,

Find the Selling price of both cycle at overall profit of 8 % :-


S.P of both cycles = C.P of both cycles + Profit % of C.P of both the cycle
= 3400 + 8% of 3400
= 3400 + 0.08 × 3400
= 3400 + 272
= 3672


C.P of other cycle = S.P of both cycles - C.P of one cycles
= Rs (3672 - 1632)
= Rs 2040


Answer : The Other bicycle sold at Rs 2040 so that he earns an overall profit of 8%