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Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of ₹ 2000, then his purchase price of a bicycle, in Rupees, was
(2019)
  • a)
    2000
  • b)
    8000
  • c)
    6000
  • d)
    4000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Mukesh purchased 10 bicycles in 2017, all at the same price. He sold s...
Let be cost of each bicycle be x.
According to the given condition,
10x + 2000 = 6 × 1.25x + 4 × 0.75x
⇒ x = 4000
Hence purchase price of a bicycle of Mukesh = ₹ 4000
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Community Answer
Mukesh purchased 10 bicycles in 2017, all at the same price. He sold s...
Let be cost of each bicycle be x.
According to the given condition,
10x + 2000 = 6 × 1.25x + 4 × 0.75x
⇒ x = 4000
Hence purchase price of a bicycle of Mukesh = ₹ 4000
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Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of 2000, then his purchase price of a bicycle, in Rupees, was(2019)a)2000b)8000c)6000d)4000Correct answer is option 'D'. Can you explain this answer?
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Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of 2000, then his purchase price of a bicycle, in Rupees, was(2019)a)2000b)8000c)6000d)4000Correct answer is option 'D'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of 2000, then his purchase price of a bicycle, in Rupees, was(2019)a)2000b)8000c)6000d)4000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of 2000, then his purchase price of a bicycle, in Rupees, was(2019)a)2000b)8000c)6000d)4000Correct answer is option 'D'. Can you explain this answer?.
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