A man bought two bicycles for 3 000 each If he sells one bicycle at a profit of 10 then for how much...........

Quantitative Aptitude (CPO) Profit and loss

A man bought two bicycles for ?3,000 each. If he sells one bicycle at a profit of 10%, then for how much percentage profit

should he sell the other bicycle so that he makes a profit of 20% on the whole?

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SSC CPO 10th Nov 2022 Shift 1

15 Percent

25 Percent

30 Percent

10 Percent

- The man pays ?3,000 for each bicycle, total cost = ?6,000.

- He sells one at a 10% profit: Selling price = 3,000 + 10% of 3,000 = ?3,300.

- He wants an overall profit of 20%, so total selling price needed = ?6,000 + 20% of 6,000 = ?7,200.

- He already made ?3,300 from one, so the other must sell for ?7,200 - ?3,300 = ?3,900.

- Required profit on second = (3,900-3,000)/3,000 × 100% = 30%.

Option 3, 30 Percent, is the correct answer.

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