Two bikes cost ₹40000 each. One of them is sold for ₹48000. At what price should the other be sold to get an overall profit of 25%? |
₹60,000 ₹48,000 ₹52,000 ₹50,000 |
₹52,000 |
Cost price of first bike = Cost price of second bike = 40000 Overall profit to be earned = 25% = 25% of 80000 = 20000 Selling price of the first = 48000 Profit earned on first = 48000 - 40000 = 8000 Then, the profit earned on second = 20000 - 8000 = 12000 So the selling price of the second = 40000 + 12000 = 52000 |