Question

Ganga bought toffees at 6 for a rupee. How many toffees for a rupee must he sell to gain 20%?
1. 5
2. 4
3. 3
4. 7
5. None of these

Answer 1

Correct Answer - Option 1 : 5

Given:

Cost Price of 6 toffees = Re.1

Formula:

Profit % = (Profit/CP) × 100

Calculation:

Cost Price of 6 toffees = Re.1

Selling Price of 6 toffees = 120% of Re.1 = Rs.6/5​

For Rs.6/5​, toffees sold = 6.

For Re.1, toffee sold = (6 × 5/6​) = 5.

∴ He should sell to 5 toffees for a rupee to gain 20%