If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee so as to gain 20%?
Answers
If apples are bought at the rate of 30 for a rupee.
How many apples must be sold for a rupee so as to gain 20%.
The merchant makes a profit of 20%.
This means that the merchant sells 30 apples for Rs. 1.20.
Therefore, selling price of 1 apple = (1.20/30) = Rs.0.04.
The number of apples that can be sold for Rs. 1.00 = 1/0.04 = 25.
The merchant must sell 25 apples in order to gain a profit of 20%.
Given:
Apples are bought at the rate of 30 for a rupee
To Find:
The number of apples that must be sold in order to gain a profit of 20%.
Solution:
We have been given that the apples are bought at the rate of 30 for 1 rupee.
We need to find how many apples must the merchant sell in order to gain a profit of 20%. So for gaining a profit of 20% he must sell the 30 apples for Rs. 1.20 each.
Therefore, selling price of 1 apple = = Rs. 0.04
Hence, the number of apples that can be sold for Rs. 1.00 at 20% profit = = 25
Therefore the merchant must sell 25 apples in order to gain a profit of 20%.
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