Profit and Loss Practice Test 2

Question : 29 of 40

Marks: +1, -0

Avinash purchases five cycles at the rate of Rs. 450 per cycle. He spends Rs. 150 on each cycle for repairs. At what price he should sell them to gain a profit of 35%?

Rs. 600
Rs. 608
Rs. 750
Rs. 810

Validate

Solution:

Net C.P. of 1 cycle = 450 + 150 = Rs. 600
Hence, S.P. of 1 cycle =

135/100 × 600

= Rs. 810

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