Question

A man sells 64 mango for rupees 2000 and he is in a loss of 40% so how much he should sell for 1000 to get 20% profit

Answer 1

Answer:

45 mangoes

Step-by-step explanation:

We know that : Selling Price = Cost Price *( 1 - Loss%) and

Selling Price = Cost Price ( 1 + Profit%)  

Once we know the cost price and we know that the person needs to make a profit of 20%, we can find the selling price which would give us the number of mangoes he needs to sell to make 20% profit.

The person sells 64 mangoes in 2000 Rs.

Since he has made a loss of 40%, we can write : SP = CP × (1 - 0.4)

For the person to make 20% profit, he would need to have his SP = CP (1 + 0.2) = 1.2 × CP. Since we know the CP of 1 mango, we can write :

i.e. selling price of 1 mango to make a profit of 20% is 22.5 Rs.

So, he needs to sell 1000/22.5 =45 mangoes to earn a profit of 20%