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Select the correct answerA vendor sells a coconut at Rs.24 and suffers 24% loss. If he wants to make 14% profit, then at what price ( in Rs.) should he sell?Options32362830

Question

Select the correct answerA vendor sells a coconut at Rs.24 and suffers 24% loss. If he wants to make 14% profit, then at what price ( in Rs.) should he sell?Options32362830

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Solution

To solve this problem, we first need to find the cost price of the coconut for the vendor.

Given that the vendor sells the coconut at Rs.24 and incurs a 24% loss, this means that Rs.24 represents only 76% of the cost price (since 100% - 24% = 76%).

So, we can set up the equation:

24 = 0.76 * Cost Price

Solving for Cost Price gives us:

Cost Price = 24 / 0.76 = Rs.31.58 (approximately)

Now, if the vendor wants to make a 14% profit, he should sell the coconut at 114% of the cost price (since 100% + 14% = 114%).

So, the selling price should be:

Selling Price = 1.14 * Cost Price

Selling Price = 1.14 * 31.58 = Rs.36 (approximately)

So, the vendor should sell the coconut at Rs.36 to make a 14% profit.

Therefore, the correct answer is 36.

This problem has been solved

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