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
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-> 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
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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.
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%.
