UPSC Exam > UPSC Questions > A vendor bought 62 quantities of an item for ...
Start Learning for Free
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?
Verified Answer
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.
This question is part of UPSC exam. View all UPSC courses
Most Upvoted Answer
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.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
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?
Question Description
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?.
Solutions 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? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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 detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup