New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    The cost price of an bicycle is Rs. 24,000. The bicycle

    is marked 35% above its cost price and sold after a discount of Rs. 3600. If the cost price of the bicycle had been Rs. 4,000 less but it was sold for the same price as before, then what would be the percentage of profit earned?
    A 45% Correct Answer Incorrect Answer
    B 47% Correct Answer Incorrect Answer
    C 44% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Selling price of the bicycle = 24000 × 1.35 - 3600 = Rs. 28,800 So, required percentage = {(28800 - 20000) ÷ 20000} × 100 = 44%

    Practice Next

    Relevant for Exams: