Purchase price of bicycle
CAT 2019 Slot 2 · Quantitative Ability · Medium · Profit & loss
This is a medium Quantitative Ability question from the CAT 2019 Slot 2 paper. It tests Profit & loss. The full answer key and a step-by-step explanation are below — try it yourself first, then reveal the solution.
Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was
- A.
2000
- B.
6000
- C.
8000
- D.
4000
Answer
D
Explanation
Let be the purchase price of one bicycle.
Total profit .
Given Rupees.
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