Question

Kunal buys 100 mangoes for ₹1600 and sells them at a profit of 15%. Find the selling price of one mango.

• A. ₹29.8
• B. ₹18.4
• C. ₹24.8
• D. ₹26.6

Answer 1

The correct option is B

₹18.4

Given, cost price of 100 mangoes (C.P) is ₹1600 and profit % is 15%.

We know that $\text{Profit \%}=\frac{SP-CP}{CP}\times 100$ $\text{15}=\frac{SP-1600}{1600}\times 100$
$SP-1600=\frac{1600\times 15}{100}SP-1600=240SP=240+1600=1840$

Therefore, the selling price of one mango $=\frac{1840}{100}=₹18.4$