Question

A shopkeeper bought some apples, out of which 6 got spoiled during transportation. He earned ₹360 by selling the remaining apples at ₹15 each. In this transaction, he neither gained profit nor incurred loss. What is the cost at which he had bought each apple?

• A. 10.5
• B. 10
• C. 12
• D. 12.5

Answer 1

The correct option is C 12

Given: Amount earned = ₹360
Rate at which an apple is sold = ₹15
Therefore, number of apples sold = $\frac{₹360}{₹15}=24$
Total number of apples bought by the shopkeeper = number of apples sold + number of apples damaged
= 24 + 6 = 30

Since there is no profit or loss in the entire transaction, amount earned = amount spent for buying 30 apples
Therefore, cost incurred by the shopkeeper for buying an apple = $\frac{₹360}{₹30}=12$