Ted’s dad is in a business of selling cycles. For that he buys separate parts and then gets them assembled. He buys a single tire for Rs. 120. But when he buys a batch of 50 tires, he gets 25% discount on total price. When he buys a batch of 100 tires, he gets a discount of 35%. Find the difference (in Rs.) in the cost price of 1 tire from the batch of 50 and batch of 100.
[Your answer should be a number]
Cost of 50 tires =Rs. (120 × 50) = Rs. 6000
After 25% discount, cost price of 50 tires =Rs. 6000 – (25100) × 6000 = Rs. 4500
Cost of 1 tire in a batch of 50= Rs. 450050 = Rs. 90
Cost of 50 tires = Rs. (120 × 100) = Rs. 12000
After 35% discount, cost price of 100 tires = Rs. 12000 – (35100) × 12000 = Rs. 7800
Cost of 1 tire in a batch of 100 = Rs. 7800100 = Rs. 78
Difference in CP per tire from batch of 50 and 100 = Rs. (90 − 78) = Rs. 12