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When a bicycle manufacture reduced its s...

When a bicycle manufacture reduced its selling price by 50%, the number of bicycles sold radically increased by 600%. Initially the manufacturer was getting only 140% profit. What is the percentage increase of his profit?

A

`10%`

B

`14%`

C

`0%`

D

can't be determined

Text Solution

Verified by Experts

The correct Answer is:
C
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When a bicycle manufacturer reduced its selling price by 50% the number of bicycles sold radically increased to 700%. Initially the manufacturer was getting only 140% profit. What is the new selling price of a bicycle if initial selling price is Rs. 480? What is the percentage increase of his profit What is the initial number of bicycles if 1400 bicycles are sold now

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