Ramees retailed two bicycles for Rs. 990 each, yielding a 10% profit on the first and a 10% loss on the second. What is their combined cost?
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Answer: A. Rs.2000
Explanation
The first bicycle cost price is calculated using a ten percent profit margin. The second bicycle cost price is calculated using a ten percent loss margin. Adding both individual cost prices together results in a combined total of 2000 rupees. Selling price equals cost price multiplied by one plus profit percentage. First bicycle cost price is 990 divided by 1.10 which equals 900 rupees. Second bicycle cost price is 990 divided by 0.90 which equals 1100 rupees.
Retail businesses track individual profit and loss margins to evaluate inventory performance. Accounting principles require accurate separation of cost and selling prices. Consumer economics relies on understanding how markups and markdowns affect total revenue. Choosing 1980 rupees assumes incorrectly that combined cost equals double the selling price. Choosing 1891 rupees results from applying incorrect percentage formulas to the selling price. Choosing 1750 rupees fails to match the individual cost price calculations.
- Subject
- Mathematics
- Category
- Mathematics
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- —
- Difficulty
- medium
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