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A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?
- a)3
- b)4
- c)5
- d)6
Correct answer is 'C'. Can you explain this answer?
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Solution:
To gain 20% profit, the selling price must be 120% of the cost price.
Let's assume that the cost price of 1 banana is 1/6 rupee.
Then, the selling price of 1 banana to gain 20% profit would be:
= (120/100) x (1/6)
= 1/5 rupee
Therefore, the vendor needs to sell 5 bananas for 1 rupee to gain a 20% profit.
Hence, the correct answer is option (C) 5.
To gain 20% profit, the selling price must be 120% of the cost price.
Let's assume that the cost price of 1 banana is 1/6 rupee.
Then, the selling price of 1 banana to gain 20% profit would be:
= (120/100) x (1/6)
= 1/5 rupee
Therefore, the vendor needs to sell 5 bananas for 1 rupee to gain a 20% profit.
Hence, the correct answer is option (C) 5.
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A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%? a)3b)4c)5d)6Correct answer is 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%? a)3b)4c)5d)6Correct answer is 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%? a)3b)4c)5d)6Correct answer is 'C'. Can you explain this answer?.
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