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

₹29.8

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₹18.4

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₹24.8

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₹26.6

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Solution

The correct option is B
₹18.4

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

We know that $Profit % = \frac{S P - C P}{C P} \times 100$ $15 = \frac{S P - 1600}{1600} \times 100$
$S P - 1600 = \frac{1600 \times 15}{100} S P - 1600 = 240 S P = 240 + 1600 = 1840$

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

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

The correct option is B ₹18.4 Given, cost price of 100 mangoes (C.P) is ₹1600 and profit % is 15%. We know that Profit %=SP−CPCP×100 15=SP−16001600×100 SP−1600=1600×15100SP−1600=240SP=240+1600=1840 Therefore, the selling price of one mango =1840100=₹18.4