Question

Amit bought 10 cycles for Rs1750 each. He sold four cycles for Rs8400, three for 1900 each. At what price he should sell remaining cycles so as to earn an average profit of Rs320 per cycle?

Answer 1

10cycles=17500
4cy=8400
3cy=1900
7cy sold cost=10300
to earn a profit of 350
should sell the remaining for 7550
17500
- 10300
= 7200+350(profit)
= 7550

Answer 2

Answer:

He should sell the remaining 3 cycles for 2200 each.

Step-by-step explanation:

Amit bought 10 cycles for Rs 1750 each.

cost price for 10 cycles is 1750 * 10 = Rs 17500

average profit per cycle = 320

average profit for 10 cycles = 320 * 10 = 3200

then total selling price for 10 cycles is ( 17500 + 3200) = 20700

selling price of 4 cycles is 8400 and selling price for 3 cycles is ( 1900 * 3) = 5700

( 4 + 3 ) = 7 cycles was already sold

therefore remaining number of cycles are 10 - 7 = 3

after selling 7 cycles, total selling of 7 cycles is (8400 + 5700) = 14100

For achieving average profit of rs 320 per cycle, he should sell remaining 3 cycles for RS 6600.

selling price for remaining 3 cycles is Rs 6600/ 3 = Rs 2200 each..