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#1 2015-04-17 04:53:17
3/4th Price Profit:
Question:
A rickshaw dealer buys 30 rickshaws for Rs. 4725. Of these, 8 are four-seaters and the rest are two seaters. At what price must he sell the four-seaters so that if he sells the two-two seaters at 3/4th of this price, he makes a profit 40% on his outlay?
Option A):
Rs. 279
Option B):
Rs. 360
Option C):
Rs. 450
Option D):
Rs. 180
Correct Answer is Option A):
Rs. 279
Explanation:
On an investment of Rs. 4725, a profit of 40% means a profit of 1890.
Hence, the targeted sales realization is Rs. 6615.
The required equation;
8p+22*(3p)/4 = 6615;
Or, 8p+(33p/2) = 6615;
In the expression for LHS = RHS; we need 33p/4 to be odd number.
This can only happen when p is not a multiple of 4.
Hence, option a and c gets eliminated automatically.
Now, we check for option b which is correct.
Failure is the first step towards seccess.
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2015-04-17 04:53:17
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