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A bicycle dealer buys 30 Razorback cycles for ₹48000. Of these, 10 are with gears and the rest are without gears.(Assume that the cost price of geared and non-geared cycle is same). At what price must he sell each geared cycle so that if he sells the non - geared ones at 34 of their cost price, he makes a profit of 40% on his total outlay. |
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Answer» A bicycle dealer buys 30 Razorback cycles for ₹48000. Of these, 10 are with gears and the rest are without gears.(Assume that the cost price of geared and non-geared cycle is same). At what price must he sell each geared cycle so that if he sells the non - geared ones at 34 of their cost price, he makes a profit of 40% on his total outlay. |
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