SOLUTION: A man sold two bikes for $35000 each. He made a profit of 15 percentage on their first bike and a profit of 20 percentage on the other bike . Find his overall percentage of

Question 1106605: A man sold two bikes for $35000 each. He
made a profit of 15 percentage on their first
bike and a profit of 20 percentage on the
other bike . Find his overall percentage of
profit or loss.

Answer by ikleyn(52803) (Show Source): You can put this solution on YOUR website!
.

Let x be the cost of the first bike for the man, 

and y be the cost of the second bike for the man.


From the condition we know that 

1.15x = 35000  and  1.2y = 35000.


Then  x =  = 30434.78 dollars  and  y =  = 29166.37.


Thus his overal percentage of profit  is   = 0.1745 = 17.45%.

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On percentage problems, see the lessons
    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - More complicated percentage problems
    - Problems on percentage that lead to unexpected results
in this site.

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