Question

Avi Sold his bicycle for an amount which was greater than Rs 1967 by half the price he paid for it and
made a profit of Rs 600. How much did he buy the bicycle for?

Answer 1

Answer:

Cost of the cycles:2500 rs

Profit made on first cycle :5 percent

I.e. , selling price of first cycle

2500 * 5/100

125 rs.

So, he made profit of 125 rs on the first cycle

Profit to be made on another cycle : 20%

I.e., selling price of second cycle should be :

2500*20/100

500rs.

2500+500=3000rs.

Hence, he should sell his second bicycle of rs 3000 in order to make twenty percent profit

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