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A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent
Most Upvoted Answer
A man sold 2 bikes for 35000 each .first bike made a profit of 15 perc...
Given:
Selling price of first bike = Selling price of second bike = 35000
Profit made on first bike = 15%
Profit made on second bike = 20%
To find:
Overall gain or loss percent
Solution:
Let's first calculate the cost price of each bike.
Cost price of first bike = 35000/(1 + 15/100) = 30434.78
Cost price of second bike = 35000/(1 + 20/100) = 29166.67
We know that,
Profit = Selling price - Cost price
So,
Profit made on first bike = 35000 - 30434.78 = 4565.22
Profit made on second bike = 35000 - 29166.67 = 5833.33
Total profit = 4565.22 + 5833.33 = 10398.55
Total cost price = 30434.78 + 29166.67 = 59601.45
Overall gain percent = (Total profit / Total cost price) * 100
Overall gain percent = (10398.55 / 59601.45) * 100 = 17.44%
Answer:
The overall gain percent is 17.44%.
Selling price of first bike = Selling price of second bike = 35000
Profit made on first bike = 15%
Profit made on second bike = 20%
To find:
Overall gain or loss percent
Solution:
Let's first calculate the cost price of each bike.
Cost price of first bike = 35000/(1 + 15/100) = 30434.78
Cost price of second bike = 35000/(1 + 20/100) = 29166.67
We know that,
Profit = Selling price - Cost price
So,
Profit made on first bike = 35000 - 30434.78 = 4565.22
Profit made on second bike = 35000 - 29166.67 = 5833.33
Total profit = 4565.22 + 5833.33 = 10398.55
Total cost price = 30434.78 + 29166.67 = 59601.45
Overall gain percent = (Total profit / Total cost price) * 100
Overall gain percent = (10398.55 / 59601.45) * 100 = 17.44%
Answer:
The overall gain percent is 17.44%.
Community Answer
A man sold 2 bikes for 35000 each .first bike made a profit of 15 perc...
SP of 1 bike is equal to 35000 And the another bike SP is also equal to 35000.
15% of 35000 is equal to 5250
20% of 35000 is equal to 7000.
5250 + 7000 is equal to 12250 and 5000 + 35000 is equal to 70000 because he buy two bikes.
show the percentage of profit is equal to
12250 divided by 70000 X hundred is equal to 17.5%.
so, he had profit in all.
15% of 35000 is equal to 5250
20% of 35000 is equal to 7000.
5250 + 7000 is equal to 12250 and 5000 + 35000 is equal to 70000 because he buy two bikes.
show the percentage of profit is equal to
12250 divided by 70000 X hundred is equal to 17.5%.
so, he had profit in all.
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A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent
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A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent .
A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man sold 2 bikes for 35000 each .first bike made a profit of 15 percent another made a profit of 20 percent. find overall gain or loss percent .
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