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Rohan sells his cycle to Mohan at 20% pr...

Rohan sells his cycle to Mohan at 20% profit and Mohan spends Rs 400 on the repairing of cycle after that he sold it to Tina at 12.5% profit. If the cost price of cycle for Tina is Rs 4500, then find the cost price of cycle for Rohan?

A

A)Rs 2500

B

B)Rs 3500

C

C)Rs 3000

D

D)Rs 4200

Text Solution

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The correct Answer is:
To find the cost price of the cycle for Rohan, we can follow these steps: ### Step 1: Define Variables Let the cost price of the cycle for Rohan be \( X \). ### Step 2: Calculate Selling Price for Rohan Rohan sells the cycle to Mohan at a profit of 20%. The selling price (SP) can be calculated as: \[ SP = CP + \text{Profit} = X + 0.20X = 1.20X \] So, the selling price for Rohan is: \[ SP_{Rohan} = 1.20X \] ### Step 3: Calculate Cost Price for Mohan Mohan then spends Rs 400 on repairs. Therefore, the total cost price for Mohan becomes: \[ CP_{Mohan} = SP_{Rohan} + \text{Repair Cost} = 1.20X + 400 \] ### Step 4: Calculate Selling Price for Mohan Mohan sells the cycle to Tina at a profit of 12.5%. The selling price for Mohan can be calculated as: \[ SP_{Mohan} = CP_{Mohan} + \text{Profit} = CP_{Mohan} + 0.125 \times CP_{Mohan} = 1.125 \times CP_{Mohan} \] Substituting the expression for \( CP_{Mohan} \): \[ SP_{Mohan} = 1.125 \times (1.20X + 400) \] ### Step 5: Set Selling Price Equal to Tina's Cost Price According to the problem, the cost price for Tina is Rs 4500. Therefore, we set the selling price for Mohan equal to 4500: \[ 1.125 \times (1.20X + 400) = 4500 \] ### Step 6: Solve for \( X \) Now, we can solve for \( X \): 1.125 times \( (1.20X + 400) = 4500 \) \[ 1.20X + 400 = \frac{4500}{1.125} \] Calculating \( \frac{4500}{1.125} \): \[ \frac{4500}{1.125} = 4000 \] So we have: \[ 1.20X + 400 = 4000 \] Subtracting 400 from both sides: \[ 1.20X = 3600 \] Dividing both sides by 1.20: \[ X = \frac{3600}{1.20} = 3000 \] ### Conclusion The cost price of the cycle for Rohan is Rs 3000. ---
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ADDA247-PROFIT AND LOSS-Prelims Questions (Level-1)
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  2. If the cost price is same and the selling price is reduced by 40%, the...

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  3. An article when sold at (4)/(5) of its original selling price, gives a...

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  4. Akshay buys an article and markup it 30 % above its cost price. At the...

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  5. Cost price of 2 bags is in ratio 4:5 and these bags are sold at 10% pr...

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  6. If the shopkeeper marked the price of an item 60% above the cost price...

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  7. Johny calculates his profit at cost price while Jini at selling price....

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  8. Aakash sells an article at a profit of 10%.Had he bought it for 5% les...

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  9. A shopkeeper marked up the price of a bag by 20% while gave two discou...

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  10. Anurag ordered three burgers for Rs 200, Deepak ordered 2 burgers of a...

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  11. Rohan sells his cycle to Mohan at 20% profit and Mohan spends Rs 400 o...

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  12. Type A milk of cost price Rs 35 per litre is mixed with Type B milk ha...

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  13. By selling two articles a man earns 15% profit on first article and 10...

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  14. A shopkeeper in place of selling a article at 10% profit mark up the a...

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  15. Hemant makes 12(1)/(2)% profit on selling a book at a certain price. ...

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  16. A man purchases three type of item in ratio 2.3:4 and their cost price...

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  17. A Shopkeeper Marked up an article 40% above its cost price and gives t...

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  18. A person earns 12.5% on one article but loss 10% on another article. I...

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  19. Two horses were sold at Rs 12600. First horse was sold at 20% loss and...

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  20. Lokesh marks up his goods 20% above cost price and allows 25% discount...

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