Question

a vendor buys toys at the rate of 45 each and sells them for 60 each.what is the minimum number of toys he should sell every day if he wants to earn a profit of at least rs 500 a day.

Answer 1

cost price of a toy = 45 rs.

selling price of a toy = 60 rs

profit   =  60-45  =  15 rs.

Approximately if he wants to earn rs. 500 a day

               profit                             toy

                15                                    1

               500                                 x

 

            15 x   =  500

               x    =   500 / 15    = 33.33

so approximately they have to sell 34 toys to get this profit.