A person buys a brand new Honda bicycle for Rs.800. He uses it for a year and then sells it. He makes a profit of 10% in this transaction. Then, again, he buys a new cycle but finds that the price has gone up by 20%. He uses the new cycle for a year and then sells it for a profit of 30%. Find the average annual profit of the person through these transactions.

• cp of first bicycle - 800
  sp of first bicycle - 880
  cp of second bicycle - 960
  sp of second bicycle - 960 + 0.30*960= 1248
  total profit in 2 years = 880+ 1248-800-960 = 368
  profit in 1 year = 184
  
• 11 years agoHelpfull: Yes(58) No(0)
• first profit 800*10/100=80;
  second price of cycle 800+800*20/100=960
  second time gain is 960*30/100=288
  total profit is=80+288=368;
  avg profit is 368/2=184rs
• 11 years agoHelpfull: Yes(14) No(0)
• 288+80=368
  368/2=184
  ans:184
• 11 years agoHelpfull: Yes(3) No(0)
• total profit=rs 38l
  avg annual profit=386/4=96 since he uses it for 1 year hence total year=4
• 11 years agoHelpfull: Yes(1) No(2)
• cp=800
  sp=880 so the profit is 80
  2nd cycle
  cp=960
  sp=1248,the profit is 288
  avg annual profit is (288+80)/2=368/2=184
  
• 11 years agoHelpfull: Yes(1) No(0)
• answer is 20.90% profit
  
• 11 years agoHelpfull: Yes(0) No(1)
• 184 is the correct one
• 11 years agoHelpfull: Yes(0) No(0)
• profit per year = 368/2 = 169 ans.
• 11 years agoHelpfull: Yes(0) No(1)
• CP OF THE CYCLE AT FIRST WAS 800 AND THE SP WAS (110/100)*800=880...
  NOW THE CP HAS INCREASED BY 20%....SO THE NEW CP WILL BE (120/100)*800=960 AND THE SP WILL BE (120/100)*960=1248
  THEREFORE THE PROFIT WILL BE SP-CP=(880+1248)-(800+960)=368
  FOR ONE YEAR IT IS 368/2=184
• 9 years agoHelpfull: Yes(0) No(0)