A person bought two bicycles for Rs. 1600 an...

### Related Test A person bought two bicycles for Rs. 1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get 5 Rs. more. The difference in the cost price of the two bicycles was: Kunaal Satija Total cost price Rs. 1600 Let CP1 = 600 and CP2 = 1000
Case I, When he sells first at 10% profit and second at 20% profit:
∴ Profit on CP1 = 10% on 600 = Rs. 60
Profit on CP2 = 20% on 1000 = Rs. 200
Total Profit = ₹ 260 ...(i) Case II, When he sells first at 20% profit and second at 10% profit:
∴ Profit on CP1 = 20% on 600 = Rs. 120
Profit on 2 = 10% on 1000 = Rs. 100
Total Profit = Rs. 220...(ii)
Difference in Profit [(i)−(ii)} = 260 − 220 Rs.
= Rs. 40
When difference in profit is Rs. 40, then difference in cost price would be Rs. (1000 − 600) = Rs. 400.
When difference in profit is Rs. 5, then difference in cost price would be:
Rs. =((400/40) × 5)
= Rs. 50.
Hence, the correct answer is 50. View courses related to this question Explore CAT courses
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