Sawaal
7
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 ?

A) Rs. 1580 B) Rs. 2200
C) Rs. 1785 D) Rs. 1950

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 each
If 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. 3200
He already got Rs. 1850 profit by selling 7 cycles.
Now, remaining amount is 3200 - 1850 = 1350
So from remaining 3 cycles we want to get Rs. 1350 profit ,
1350/3 = 450
so he must sell remaining 3 cycles at Rs. 2200 each one.

Subject: Problems on Numbers
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk
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