Join ExamsbookAnswer : 2. "Rs. 2200"
Srinivas bought 10 cycles for Rs. 1,750 each. He sold 4 cycles for Rs 8,400, 3 for Rs 1900 each . At what price should he sell the remaining cycles so as to earn an average profit of Rs 320 per cycle ?5
Q: Srinivas bought 10 cycles for Rs. 1,750 each. He sold 4 cycles for Rs 8,400, 3 for Rs 1900 each . At what price should he sell the remaining cycles so as to earn an average profit of Rs 320 per cycle ?
- 1Rs. 1580false
- 2Rs. 2200true
- 3Rs. 1785false
- 4Rs. 1950false
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Answer : 2. "Rs. 2200"
Explanation :
Answer: B) Rs. 2200 Explanation: He sold 4 cycles for Rs. 8400[It means each cycle price is Rs. 2100]And again he sold 3 cycles for Rs. 1900 eachIf he want to gain avg profit on each cycle is Rs. 320 per cycle.So profit for 10 cycles is @ Rs.320 is,10 x 320 = Rs. 3200He already got Rs. 1850 profit by selling 7 cycles.Now, remaining amount is 3200 - 1850 = 1350So from remaining 3 cycles we want to get Rs. 1350 profit ,1350/3 = 450so he must sell remaining 3 cycles at Rs. 2200 each one.