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A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?
- a)12.5% profit
- b)12.5% loss
- c)10.24% loss
- d)No loss & no loss
Correct answer is option 'A'. Can you explain this answer?
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A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on ...
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A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on ...
On the first bike, the dealer gains 20%, which means he sells it for 120% of its cost price. Let the cost price of the first bike be x. Then:
120% of x = Rs 14000
1.2x = 14000
x = 11666.67
So, the dealer's profit on the first bike is Rs 14000 - Rs 11666.67 = Rs 2333.33
On the second bike, the dealer loses 20%, which means he sells it for 80% of its cost price. Let the cost price of the second bike be y. Then:
80% of y = Rs 14000
0.8y = 14000
y = 17500
So, the dealer's loss on the second bike is Rs 17500 - Rs 14000 = Rs 3500
Therefore, the dealer's total profit/loss on the two bikes is Rs 2333.33 - Rs 3500 = Rs -1166.67, which is a loss of 1166.67/28000 * 100% = 4.16%.
Now, if the dealer had marked up the prices by 25%, the selling price of each bike would have been Rs 17500. After giving a 10% discount, the selling price of each bike would have been Rs 15750.
Let's calculate the cost price of each bike if the selling price is Rs 15750:
For the first bike, the selling price of Rs 15750 is 120% of the cost price. So:
120% of cost price = Rs 15750
Cost price = Rs 13125
For the second bike, the selling price of Rs 15750 is 80% of the cost price. So:
80% of cost price = Rs 15750
Cost price = Rs 19687.50
The total cost price of the two bikes is Rs 13125 + Rs 19687.50 = Rs 32812.50
The total selling price of the two bikes after the discount is Rs 15750 + Rs 15750 = Rs 31500
So, the dealer's profit/loss percentage is: (31500 - 32812.50)/32812.50 * 100% = -4%.
Therefore, the answer is (c) 10.24% loss.
120% of x = Rs 14000
1.2x = 14000
x = 11666.67
So, the dealer's profit on the first bike is Rs 14000 - Rs 11666.67 = Rs 2333.33
On the second bike, the dealer loses 20%, which means he sells it for 80% of its cost price. Let the cost price of the second bike be y. Then:
80% of y = Rs 14000
0.8y = 14000
y = 17500
So, the dealer's loss on the second bike is Rs 17500 - Rs 14000 = Rs 3500
Therefore, the dealer's total profit/loss on the two bikes is Rs 2333.33 - Rs 3500 = Rs -1166.67, which is a loss of 1166.67/28000 * 100% = 4.16%.
Now, if the dealer had marked up the prices by 25%, the selling price of each bike would have been Rs 17500. After giving a 10% discount, the selling price of each bike would have been Rs 15750.
Let's calculate the cost price of each bike if the selling price is Rs 15750:
For the first bike, the selling price of Rs 15750 is 120% of the cost price. So:
120% of cost price = Rs 15750
Cost price = Rs 13125
For the second bike, the selling price of Rs 15750 is 80% of the cost price. So:
80% of cost price = Rs 15750
Cost price = Rs 19687.50
The total cost price of the two bikes is Rs 13125 + Rs 19687.50 = Rs 32812.50
The total selling price of the two bikes after the discount is Rs 15750 + Rs 15750 = Rs 31500
So, the dealer's profit/loss percentage is: (31500 - 32812.50)/32812.50 * 100% = -4%.
Therefore, the answer is (c) 10.24% loss.
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A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?a)12.5% profitb)12.5% lossc)10.24% lossd)No loss & no lossCorrect answer is option 'A'. Can you explain this answer?
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A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?a)12.5% profitb)12.5% lossc)10.24% lossd)No loss & no lossCorrect answer is option 'A'. Can you explain this answer? for Teaching 2024 is part of Teaching preparation. The Question and answers have been prepared according to the Teaching exam syllabus. Information about A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?a)12.5% profitb)12.5% lossc)10.24% lossd)No loss & no lossCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Teaching 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?a)12.5% profitb)12.5% lossc)10.24% lossd)No loss & no lossCorrect answer is option 'A'. Can you explain this answer?.
A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?a)12.5% profitb)12.5% lossc)10.24% lossd)No loss & no lossCorrect answer is option 'A'. Can you explain this answer? for Teaching 2024 is part of Teaching preparation. The Question and answers have been prepared according to the Teaching exam syllabus. Information about A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?a)12.5% profitb)12.5% lossc)10.24% lossd)No loss & no lossCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Teaching 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dealer sells two bikes at Rs 14000 each. On one he gains 20% and on the other he loses 20%. Had he marked up their prices by 25% and give 10% discount, then what is his profit/loss percentage in the transaction?a)12.5% profitb)12.5% lossc)10.24% lossd)No loss & no lossCorrect answer is option 'A'. Can you explain this answer?.
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