A cycle is sold for Rs. 2360 and fetches a loss of 20%. Find the cost price of two cycles.

M4maths Previous Puzzles

29 Nov 2019 Cost Price

A cycle is sold for Rs. 2360 and fetches a loss of 20%. Find the cost price of two cycles.

OPtion

1) 2950
2) 2850
3) 2925
4) 5980
5) 3050
6) 5900
7) 2920
8) 2590
9) 2990
10) None of these

Solution

If S.P. is Rs. 80, then C.P. is Rs. 100.
Now, when S.P. is Rs 2360, then the C.P. will be equal to = (100/80)*2360 = 2950

CP of 2 cyles = 2950 x 2 = 5900

Correct Option: 6 Best Solution (2)