A man buys two cycles for 1200 each, he sells first cycle at a loss of 20%, if…
2026
A man buys two cycles for 1200 each, he sells first cycle at a loss of 20%, if he desires to get a profit of 15% on whole for how much should he sell his 2nd cycle?
- A.
2000
- B.
1500
- C.
1800
- D.
1700
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Show answer & explanation
Correct answer: C
Reason-
1st cycle sold at a loss of 20%, so the Sp of 1st cycle
= 1200*(1-20/100) = 960
Total CP for 2 cycles = 1200*2 = 2400
Desired SP for 2 cycles = 2400*(1+15/100) = 2760
so, SP of 2nd cycle = 2760-960 = 1800