Profits - XAT 2020 / TANCET 2020 Practice Questions

The question is a sample practice problem in profit, loss, discounts, an Arithmetic Topic.

Question

If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee so as to gain 20%?

1. 28
2. 25
3. 20
4. 22

Correct Answer - 25 apples. Choice (2)

Explanatory Answer

The merchant makes a profit of 20%.
This means that the merchant sells 30 apples for Rs.1.20

Therefore, selling price of 1 apple =

The number of apples that can be sold for Rs.1.00 = Rs..

Correct answer choice (3)

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