A shopkeeper buys a box of 10 dozen apples for Rs.180.He estimates that 20% of them would be rotten.He intends to sell each apple so as to make a profit of 60% on his cost.Assuming that 20% of the apples turn out to be rotten.Find:
i) the number of good apples in the box
ii)the sum of money for which he should sell the good apples so as to make a profit of 60% on his cost.
iii)the selling price of each apple in order to earn the said profit.
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The number of good apples : 80% x 120 apples = 96
Profit = 60% x 180 = 108
The sum of money= 108 + 180 = 288
The selling price of each apple = 288 : 96 = 3
Profit = 60% x 180 = 108
The sum of money= 108 + 180 = 288
The selling price of each apple = 288 : 96 = 3
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