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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

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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.

This problem has been solved

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