New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A person bought two bicycles for Rs 2500 each. If he sells one bicycle at a profit of 10%, then at what percent profit should he sell the second bicycle so that his total profit is 20%?

    A 15% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 30% Correct Answer Incorrect Answer

    Solution

    Cp1 =2500profit% = 10% Profit of first bicycle  = 2500 ×10/100 = 250rs Total CP = 5000total profit %= 20% Total profit = 5000×20/100 = 1000rs Profit of second bicycle =  total profit – profit of first bicycle   = 1000 – 250 = 750rs Profit % of second bicycle = 750/2500×100 = 30%.

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