When a bicycle manufacturer reduced its selling price by 50% the number of bicycles sold radically increased to 600%. Initially the manufacturer was getting only 140% profit.
2. What is the new selling price of a bicycle if initial selling price is Rs. 480?
(A) 120
(B) 240
(C) 360
(D) 480
53. What is the percentage increase of his profit
(A) 1
(B) 2
(C) 3
(D) no increase, no decrease
54. What is the initial number of bicycles if 1400 bicycles are sold now
(A) 320
(B) 550
(C) 1000
(D) 200
2. The new selling price of a bicycle would be Rs. 240 (50% reduction from Rs. 480).
(A) 240
53. The percentage increase in profit would be 2%. Initially, the profit was 140%, and with the increase in sales, the profit is now 600%.
(B) 2
54. The initial number of bicycles would be 320. If 600% more bicycles are sold now (1400), then the initial number of bicycles would be 1400/7 = 200.
(D) 200