Bodhee Prep-CAT Online Preparation

CAT 2019 Quant Question with Solution 58

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

  1. 8000
  2. 6000
  3. 4000
  4. 2000
Show Answer

Correct Answer: Option: 3

Let he cost of each bicycle be x.

From the given condition:

$10x\text{ }+\text{ }2000\text{ }=\text{ }6\times 1.25x\text{ }+\text{ }4\times 0.75x$

$\Rightarrow x=4000$


CAT Online Course
Also Check: 841+ CAT Quant Questions with Solutions

CAT 2019 Slot-1


CAT 2019 Slot-2

CAT 2023
Classroom Course

We are starting classroom course for CAT 2023 in Gurugram from the month of December.
Please fill the form to book your seat for FREE Demo Classes

CAT 2023 Classroom Course starts in Gurgaon