Question

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
1. 3
2. 4
3. 5
4. 6

Answer 1

Correct Answer - Option 3 : 5

Given

A vendor bought toffees at 6 for a rupee.

Concept used

Profit and loss

Calculation

Cost price of 1 toffee = Rs.6

Selling price of 1 toffee = 120 % of Rs.1

SP = 6/5

Rs.6/5 toffees sold is six

For Rs.1 toffee sold = (6 × 5/6) = 5