Profit And Loss Ques 24
Question.
Ram bought two bicycles-A and B. The bicycle B cost $25 \%$ more than Bicycle A. Bicycles A and B were sold at a loss of $5 \%$ and profit of $20 \%$ respectively. If the difference between selling prices of bicycles A and B was Rs. 880 , what was the cost price of bicycle $B$ ? (in Rs.)
(1) 1800
(2) 2400
(3) 1600
(4) 1750
(5) 2000
(IBPS RRBs Officers CWE (Prelim Exam) 09.09.2017 IInd Sitting)
Show Answer
Correct Answer: (5)
Solution: (5)
C.P. of bicycle $A=$ Rs. 100
$\therefore$ C.P. of bicycle $B=$ Rs. 125
$\therefore$ S.P. of bicycle $A=$ Rs. 95
S.P. of bicycle $B$ $=$ Rs. $\left(\frac{125 \times 120}{100}\right)=$ Rs. 150
Difference between their S.P $=$ Rs. $(150-95)=$ Rs. 55
$\because \quad$ When difference $=$ Rs. 55 ,
the C.P. of bicycle $B=$ Rs. 125
$\therefore$ When difference $=$ Rs. 880 ,
C.P. of bicycle $B$ $=$ Rs. $\left(\frac{125}{55} \times 880\right)=$ Rs. 2000
BETA
