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A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61?
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A vendor bought 62 quantities of an item for 1240 rupees. How many for...
To find the number of items the vendor needs to sell at 1320 rupees to gain 10%, we need to determine the total amount of money he needs to earn to gain 10% of the cost of the items. We can do this by multiplying the cost of the items by 10%:
1240 * 10% = 124
To gain this amount, the vendor must sell the items for 1320 rupees, which is 124 more than he paid for them. We can find the number of items the vendor needs to sell by dividing the additional amount he needs to earn by the price he is selling each item for:
124 / (1320 / 62) = 58
Therefore, the correct answer is a) 58.
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A vendor bought 62 quantities of an item for 1240 rupees. How many for...
Solution:
Given, the vendor bought 62 quantities of an item for 1240 rupees.
Hence, the cost of 1 quantity of the item = 1240/62 = 20 rupees.
To gain 10% profit, the selling price of 1 quantity of the item = cost price of 1 quantity + 10% of cost price of 1 quantity
= 20 + (10/100)×20
= 22 rupees.
Let the number of quantities the vendor needs to sell for 1320 rupees be x.
Hence, selling price of x quantities of the item = 1320 rupees.
Therefore, the number of quantities the vendor needs to sell is given by
x = 1320/22
= 60.
Hence, the vendor needs to sell 60 quantities of the item for 1320 rupees to gain 10% profit.
Answer: Option (c) 60.
Given, the vendor bought 62 quantities of an item for 1240 rupees.
Hence, the cost of 1 quantity of the item = 1240/62 = 20 rupees.
To gain 10% profit, the selling price of 1 quantity of the item = cost price of 1 quantity + 10% of cost price of 1 quantity
= 20 + (10/100)×20
= 22 rupees.
Let the number of quantities the vendor needs to sell for 1320 rupees be x.
Hence, selling price of x quantities of the item = 1320 rupees.
Therefore, the number of quantities the vendor needs to sell is given by
x = 1320/22
= 60.
Hence, the vendor needs to sell 60 quantities of the item for 1320 rupees to gain 10% profit.
Answer: Option (c) 60.
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A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61?
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A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61?.
A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A vendor bought 62 quantities of an item for 1240 rupees. How many for 1320 rupee must he sell to gain 10%? a. 58 b. 59 c. 60 d. 61?.
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