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Question 27 : Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was

  1. 2000
  2. 6000
  3. 8000
  4. 4000

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Explanatory Answer

Let the cost price of one bicycle = Rs. x
Total cost price = Rs. 10x
He made a total profit of 25% on 6 cycles and 25% loss on 4 cycles and made a profit of Rs. 2000
So, 2000 = 6 x - 4 x
2000 =
x = Rs. 4000


The question is "Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was "

Hence, the answer is 4000

Choice D is the correct answer.

 

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