Introduction to the Basic Terms in Buying and Selling
Shyama bought...
Question
Shyama bought 12 balls for ₹180. Choose the price at which he can sell one ball, to earn profit.
A
₹11
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B
₹12
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C
₹14
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D
₹17
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Solution
The correct option is D ₹17 To earn profit the selling price should always be greater than the cost price.
The cost price of 12 balls = ₹180
Cost price of 1 ball = ₹180 ÷ 12
= ₹15
Option A ₹11 is less than ₹15. Selling price is less than cost price.
Option B ₹12 is less than ₹15. Selling price is less than cost price.
Option C ₹14 is less than ₹15. Selling price is less than cost price.
Option D ₹17 is greater than ₹15. Selling price is more than cost price.