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
- 8000
- 6000
- 4000
- 2000
Correct Answer: Option: 3
Let he cost of each bicycle be x.
From the given condition:
$10x\text{ }+\text{ }2000\text{ }=\text{ }6\times 1.25x\text{ }+\text{ }4\times 0.75x$
$\Rightarrow x=4000$
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