Question

At a motorbike expo sale a man buys a R15 Bike at Rs. 23750 and pays an additional Rs. 1500 for transport and Rs. 1730 for installation of other accessories. What should be the selling price to get a profit of 17% on the whole transaction? (approximated to nearest integer)
1. Rs. 32,566
2. Rs. 33,000
3. Rs. 33,596
4. Rs. 31,567

Answer 1

Correct Answer - Option 4 : Rs. 31,567

Given:

CP of bike = Rs. 23,750

Cost on transport = Rs. 1500

Cost on installation = Rs. 1730

Formula Used:

SP = CP × [(100 + Gain%)/100]

Calculation:

Let the SP of the Bike be Rs. x

Total cost on bike =  Rs. (23750 + 1500 + 1730)

⇒ Rs. 26980

SP = Rs. 26980 × [(100 + 17)/100]

⇒ Rs. 26980 × (117/100)

⇒ Rs. 31,566.66 ≈ Rs. 31,567

∴ The required selling price of the Bike is Rs. 31,567