Amit bought 8 cycles of the same brand and model.He sold three cycles and earned 30%profit .He sold remaining 4 cycles at 50% higher than the cost price of the cycle.one cycle was defective so he sold it bearing 30% loss . Find the profit percentage.
Answers
Answer:
sorry I don't know the answer
Answer:
Step-by-step explanation:
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..