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A rickshaw dealer buys 30 rickshaws for Rs. 4725. Of these, 8 are four-seaters and the rest are two seaters. At what price must he sell the four-seaters so that if he sells the two-two seaters at 3/4th of this price, he makes a profit 40% on his outlay?

Correct Answer: Rs. 279

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Math MCQ: A rickshaw dealer buys 30 rickshaws for Rs. 4725. Of these, 8 are four-seaters and the rest are two seaters. At what price must he sell the four-seaters so that if he sells the two-two seaters at 3/4th of this price, he makes a profit 40% on his outlay? | Extra Education