Question

If Ramesh buys five apples at a cost of Rs.10 each and he sells all apples to Ganesh at a profit of
10%. Find the selling price of each apple.

A. 15
B. 11
C. 12
D. 13

Answer 1

Step-by-step explanation:

B.11

Selling price of each apple is Rs. 11.

Since we have given that

Number of apples = 5

Cost price of each apple = Rs. 10

Total cost price of 5 apples = 5\times 10=Rs.\ 505×10=Rs. 50

Profit % = 10%

So, Selling price of 5 apples would be

\begin{gathered}\dfrac{100+10}{100}\times 50\\\\=\dfrac{110}{100}\times 50\\\\=55\end{gathered}100100+10×50=100110×50=55

So, Selling price of each apple would be

\dfrac{55}{5}=11555=11

Hence, selling price of each apple is Rs. 11.