t the correct answerA fruit vendor buys apples at the rate of 10 for 100. How many should he sell for 100, so that he makes a profit of 25% ?
Question
t the correct answerA fruit vendor buys apples at the rate of 10 for 100. How many should he sell for 100, so that he makes a profit of 25% ?
Solution
Sure, let's break it down:
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The cost price of each apple for the vendor is 100/10 = 10.
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The vendor wants to make a profit of 25%. So, the selling price of each apple should be 125% of the cost price.
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125% of 10 is 12.5. So, the selling price of each apple should be 12.5.
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Therefore, for 100, the vendor should sell 100/12.5 = 8 apples.
So, the vendor should sell 8 apples for 100 to make a profit of 25%.
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