A 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% ?Options8657
Question
A 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% ?Options8657
Solution
The vendor buys 10 apples for 100. So, the cost price of 1 apple 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, he should sell 1 apple for 12.5.
If he wants to sell apples for 100, then the number of apples he should sell is 100/12.5 = 8.
So, the vendor should sell 8 apples for 100 to make a profit of 25%.
Therefore, the correct option is 8.
Similar Questions
A shopkeeper bought 60 apples at the rate of Rs 240 per dozen. For how much should he sell an apple in order to gain 5 %? Options :212022none
Question No 65.By giving 2 bananas free with every 5 apples bought, a shopkeeper makes a profit of 25%. However, by giving 5 bananas free with every 2 apples bought, he suffers a loss of 25%. What is the maximum number of bananas he can give away with 8 apples and still make a profit?
A shopkeeper sells a bag at a gain of 25%. He offers a discount of 10% on the bag. What is his profit %? Options :12.5%25%23%none
A vendor sells 60 percent of apples he had and throws away 15 percent of the remainder. Next day he sells 50 percent of the remainder and throws away the rest. What percent of his apples does the vendor throw?Options17%77%None23%
A vendor sells 50 percent of apples he had and throws away 20 percent of the remainder. Next day he sells 60 percent of the remainder and throws away the rest. What percent of his apples does the vendor throw?Question 5Answera.23%b.22%c.26%d.25%
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.