Question
A bicycle shop sold 150 bicycles in January and 180 in
February. The cost price of each bicycle is ₹2,500. If the shop offers a discount of 10% on the marked price of ₹3,000, what is the total profit made from the bicycles sold in these two months?Solution
Selling price after discount = 3,000 - (10% of 3,000) = 3,000 - 300 = ₹2,700. Total bicycles sold = 150 + 180 = 330. Total cost price = 330 * 2,500 = ₹825,000. Total selling price = 330 * 2,700 = ₹891,000. Total profit = Selling price - Cost price = 891,000 - 825,000 = ₹66,000. Correct answer: B) ₹66,000
Statements: L > M = N > O, O > P ≥ T = R
Conclusion:
I. L > T
II. L ≥ R
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