Mohan bought a certain number of oranges at Rs. 60 per score and sold them at 20% profit. Find the selling price of each orange.
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Solution
One score has 20 objects Given, C.P. of 20 oranges =Rs60 C.P. of 1 orange =Rs3 Profit =20 % So, Profit % =S.P.−C.P.C.P.×100=20 =>S.P.−33×100=20 =>S.P.−3=0.60 =>S.P.=Rs3.60 Hence, Selling price of each orange =Rs3.60