Question

By selling mangoes at the rate of 64 for Rs. 2,000, the vendor loses 40%. How many should he sell for Rs. 1000 so as to gain 20%?

Accepted Answer

B. SP per mango = $\frac{2000}{64} = 	ext{Rs. } 31.25$. Loss = 40% $\implies$ CP per mango = $\frac{31.25}{0.60} = 	ext{Rs. } 52.0833$. To gain 20%, required SP per mango = $52.0833 	imes 1.20 = 	ext{Rs. } 62.5$. Number of mangoes to sell for Rs. 1000 = $\frac{1000}{62.5} = 16$.

Profit and loss on mangoes

Explanation

Practise this under exam conditions