Question

A trader bought eight bicycles at the rate of
₹
1400
per bicycle. He sold them all for a total of
₹
12
,
800
. How much profit or loss did he make per bicycle?

Answer 1

Answer:

1400 x 8 equal to 11200 he sold bicycle at the rate of 12800 he made the profit at every bicycle of rupeeshe sell he sold one bicycle at the rate of rupees 1600 he made the profit of rupees 200

Answer 2

Answer:

The trader makes a profit of Rs. 200 per bicycle.

Step-by-step explanation:

Cost Price of 1 bicycle = Rs. 1400

Given that the no. of bicycles = 8

He sold all the bicycles at Rs. 12800

Therefore the selling price of each bicycle = $\frac{12800}{8}$

                                                                       = Rs. 1600

As Selling Price > Cost Price,

The trader has a Profit.

We know that Profit = Selling Price - Cost Price

Therefore, on substitution,

Profit per bicycle = Rs. 1600 - Rs. 1400

                            = Rs. 200

Therefore, the trader makes a profit of Rs. 200 per bicycle.