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?
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Answer:
₹3,000
Step-by-step explanation:
Cost of the cycles=₹2500
Profit made on first cycle=5%
That is selling price of first cycle
=2500*5/100
=₹125
So,he made profit of ₹125 on the first cycle
Profit to be made on another cycle=20%
That is selling price of second cycle should be
=2,500*20/100
=₹500
=2,500+500
=₹3,000
Hence,he should sell his second bicycle of ₹3000
in order to make twenty percent profit.
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