A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?Options3564
Question
A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?Options3564
Solution
The vendor bought 6 bananas for 1 rupee. This means the cost price of each banana is 1/6 = 0.1667 rupees.
The vendor wants to gain 20% profit. So, the selling price of each banana should be 120% of the cost price.
120% of 0.1667 rupees = 0.1667 * 120/100 = 0.20 rupees.
So, the vendor must sell each banana for 0.20 rupees to gain a 20% profit.
Therefore, for 1 rupee, the vendor can sell 1/0.20 = 5 bananas.
So, the vendor must sell 5 bananas for a rupee to gain a 20% profit. The correct option is 5.
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