Math Problem Statement

Vicky sold two bikes at the rate of Rs.327000 each. and he sold one bike at 40% profit, then find the profit obtained on the second bike if overall profit percentage of Vicky is 55.55%.

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentage
Algebraic Expressions

Formulas

Selling Price (SP) = Cost Price (CP) × (1 + Profit Percentage/100)
Overall Profit Percentage = ((Total Selling Price - Total Cost Price) / Total Cost Price) × 100

Theorems

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Suitable Grade Level

Grades 8-10