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A person buys three bicycles at the rate of Rs. 4000 per bicycle. He sells first bicycle at a profit of 30 percent, sells second bicycle at a loss of 20 percent and sells third bicycle at a loss of 10 percent. What is the total profit percent in the whole transaction ?

A person buys three bicycles at the rate of Rs. 4000 per bicycle. He sells first bicycle at a profit of 30 percent, sells second bicycle at a loss of 20 percent and sells third bicycle at a loss of 10 percent. What is the total profit percent in the whole transaction ? Correct Answer 0 percent

Given 

Cost price of Bicycle = Rs. 4000

Formula Used 

Loss = Cost price/100 × loss% 

Profit = Cost price/100 × profit% 

Calculation 

Profit on first cycle = 4000/100 × 30 = Rs.1200 

Loss on 2nd cycle = 4000/1000 × 20 = Rs. 800

Loss on 3rd cycle = 4000/100 × 10 = Rs. 400 

Total profit on transaction = Rs. 1200 - 1200 = 0 

∴ Profit transaction is 0%

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