New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Axe and Wye purchases the Bikes at same price and later

    on Zed purchase both the bikes at the same price of Rs. 72000. But the profit % of Axe was A% while profit % of Wye was B% since Wye calculate his profit on SP, if Zed sells one of the Bike to Pee at A% profit. What is the cost price for Pee if B=`41(2)/(3) %` A?
    A 150400 Correct Answer Incorrect Answer
    B 176200 Correct Answer Incorrect Answer
    C 172800 Correct Answer Incorrect Answer
    D 196000 Correct Answer Incorrect Answer
    E 184500 Correct Answer Incorrect Answer

    Solution

    Let the Cost Price for Axe and Wye be x SP for both Axe and Wye = 72000 CP for Zed = 72000 (1 Bike) Profit for Axe = A% Profit for Wye = B% = 125/3% A = A ×125/(3 ×100) = A × 5/12 Now, the amount of profit for Axe and Wye is same Therefore, x × A/100 = 72000 × A × 5/12 ×1/100 x = 30000 Cost price for Axe and Wye is 30000 For Axe : CP = 30000 SP = 72000 Profit = 72000 – 30000 = 42000 Profit % for Axe = 42000/30000 × 100 = 140% For Zed : CP = 72000 Profit = 72000 × 140% = 100800 SP = 100800 + 72000 = 172800 Therefore, Cost price for Pee = 172800

    Practice Next

    Relevant for Exams: