Select 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% ?Options7658
Question
Select 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% ?Options7658
Solution
The cost price of 1 apple for the vendor is 100/10 = 10.
He wants to make a profit of 25%. So, the selling price of 1 apple should be 125% of the cost price.
125% of 10 is 12.5.
So, for 100, he should sell 100/12.5 = 8 apples.
Therefore, the correct answer is 8.
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