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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 ?

  • 1
    Rs. 1580
  • 2
    Rs. 2200
  • 3
    Rs. 1785
  • 4
    Rs. 1950
  • Show Answer
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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.

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