Finding Prices / Charges Related to Buying and Selling
If apples are...
Question
If apples are bought at the rate of 30 for a rupee, how many apples must be sold for a Rupee so as to gain 20%?
A
28
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B
25
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C
20
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D
22
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Solution
The correct option is B25 The merchant makes a profit of 20%. This means that the merchant sells 30 apples for Rs. 1.20 Therefore, selling price of 1 apple =(1.2030)= Rs. 0.04 The number of apples that can be sold for Rs. 1.00=10.04=25