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Tanu sells 15 bicycles at a profit of Rs...

Tanu sells 15 bicycles at a profit of Rs 754 per bicycle and sells 5 bicycles at a loss of Rs 364 per bicycle. If the total profit percentage on all the bicycles sold is 25%, the cost price (in Rs) per bicycle is:

A

1898

B

1728

C

1960

D

1190

Text Solution

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The correct Answer is:
To find the cost price per bicycle, we can follow these steps: ### Step 1: Define the Variables Let the cost price of one bicycle be \( x \) rupees. ### Step 2: Calculate the Profit from Selling Bicycles Tanu sells 15 bicycles at a profit of Rs 754 per bicycle. Therefore, the total profit from these bicycles is: \[ \text{Total Profit from 15 Bicycles} = 15 \times 754 = 11310 \text{ rupees} \] ### Step 3: Calculate the Loss from Selling Bicycles Tanu sells 5 bicycles at a loss of Rs 364 per bicycle. Therefore, the total loss from these bicycles is: \[ \text{Total Loss from 5 Bicycles} = 5 \times 364 = 1820 \text{ rupees} \] ### Step 4: Calculate the Total Profit The total profit from all 20 bicycles sold (15 sold at profit and 5 sold at loss) is: \[ \text{Total Profit} = \text{Total Profit from 15 Bicycles} - \text{Total Loss from 5 Bicycles} \] \[ \text{Total Profit} = 11310 - 1820 = 9490 \text{ rupees} \] ### Step 5: Relate Total Profit to Cost Price According to the problem, the total profit percentage on all bicycles sold is 25%. Therefore, we can express this as: \[ \text{Total Profit} = 25\% \text{ of Total Cost Price} \] The total cost price for 20 bicycles is: \[ \text{Total Cost Price} = 20x \] Thus, we can write: \[ 9490 = \frac{25}{100} \times 20x \] ### Step 6: Simplify the Equation Rearranging the equation gives: \[ 9490 = \frac{5}{100} \times 20x \] \[ 9490 = \frac{100}{100} \times x \] \[ 9490 = 5x \] ### Step 7: Solve for \( x \) Now, we can solve for \( x \): \[ x = \frac{9490}{5} = 1898 \text{ rupees} \] ### Conclusion The cost price per bicycle is Rs 1898. ---
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