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An, automobile agency launched a scheme ...

An, automobile agency launched a scheme that if a customer purchases two Jabaaj Discover bikes one extra Jabaaj Discover will be free and if he purchases 3 Jabaaj Pulser he will get one extra Jabaaj Pulser free. I^the cost price of 3 Jabaaj Discover and 4 Jabaaj Pulser be ₹ 67500 and ₹ 232500 respectively. If a customer purchases 2 bikes of Jabaaj Discover and 3 bikes of Jabaaj Pulser as per scheme he availed 1 bike free of each category then at what price these bikes should be sold so, that the agency can get overall profit of `17.5%`:

A

235250

B

352500

C

368000

D

268000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first calculate the cost price of the bikes purchased by the customer, then determine the selling price required to achieve a profit of 17.5%. ### Step 1: Calculate the Cost Price of Jabaaj Discover and Jabaaj Pulser - The cost price of 3 Jabaaj Discover bikes is ₹67,500. - The cost price of 4 Jabaaj Pulser bikes is ₹232,500. ### Step 2: Determine the Cost Price of Individual Bikes - Cost price of 1 Jabaaj Discover bike = ₹67,500 / 3 = ₹22,500. - Cost price of 1 Jabaaj Pulser bike = ₹232,500 / 4 = ₹58,125. ### Step 3: Calculate the Total Cost Price for the Customer's Purchase - The customer purchases 2 Jabaaj Discover bikes: - Cost price for 2 Jabaaj Discover = 2 × ₹22,500 = ₹45,000. - The customer purchases 3 Jabaaj Pulser bikes: - Cost price for 3 Jabaaj Pulser = 3 × ₹58,125 = ₹174,375. ### Step 4: Calculate the Total Cost Price Including Free Bikes - According to the scheme, the customer gets 1 Jabaaj Discover bike free and 1 Jabaaj Pulser bike free. - Total cost price for the bikes received: - Total cost price for Jabaaj Discover = ₹45,000 + ₹22,500 (free bike) = ₹67,500. - Total cost price for Jabaaj Pulser = ₹174,375 + ₹58,125 (free bike) = ₹232,500. ### Step 5: Calculate the Overall Cost Price - Overall cost price = Total cost price for Jabaaj Discover + Total cost price for Jabaaj Pulser - Overall cost price = ₹67,500 + ₹232,500 = ₹300,000. ### Step 6: Calculate the Required Selling Price for 17.5% Profit - To find the selling price that includes a profit of 17.5%, we first calculate the profit amount: - Profit = 17.5% of Overall Cost Price = (17.5 / 100) × ₹300,000 = ₹52,500. - Therefore, the required selling price = Overall Cost Price + Profit - Required selling price = ₹300,000 + ₹52,500 = ₹352,500. ### Final Answer The bikes should be sold at a total price of **₹352,500** to achieve an overall profit of 17.5%. ---
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