A shopkeeper buys 40 bicycles and marks them at 25% above the cost price. He allows a discount of 10% on the marked price for cash sales, and 5% for credit sales. If three-fourth of the stock is sold for cash and the rest for credit, and if the total profit be $ 20250, what is the cost price of a bicycle ?

A shopkeeper buys 40 bicycles and marks them at 25% above the cost pri

1.	A shopkeeper buys 40 bicycles and marks them at 25% above the cost price. He allows a discount of 10% on the marked price for cash sales, and 5% for credit sales. If three-fourth of the stock is sold for cash and the rest for credit, and if the total profit be $ 20250, what is the cost price of a bicycle ?
A.	$ 4000
B.	$ 3500
C.	$ 3200
D.	$ 3600
Answer» E.

Discussion

No Comment Found

Related MCQs

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
The cost price of 20 articles is the same as the selling price of articles. If the profit is 25%, then the value of is:
A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
The cost price of 20 articles is the same as the selling price of articles. If the profit is 25%, then the value of is:
A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
Teenagers shoe company sells the shoes whose prices i.e.,cost price and selling price are the multiples of either 13,14,15,16,17,18 or 19, starting from Rs. 399 to Rs.699 (i.e, 399 Rs. 292 Rs. 398 Rs. 298 Rs. 300
Radhey Lal markup the prices of sweets by 40% and he sold only 40% of those at this price. He sells half of the rest at 142/4% discount and rest at 25% discount. What is the net profit of Radhey Lal?

Discussion

No Comment Found

Related MCQs

Reply to Comment