Question

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. 8000
• B. 6000
• C. 4000
• D. 2000

Answer 1

Answer: (C)

4000

Answer 2

Let the cost of each bicycle be denoted as x.
Considering the provided condition:
$10x + 2000 = 6×1.25x + 4×0.75x$
$⇒x=4000$