A man buys 400 oranges for ₹2,000. How many oranges can be sold for ₹260 so that he gets a profit of 30%?
Answer & explanation
Correct answer: option 4
Cost price = Rs 2000
Profit = 30%
SP = 2000 + \(\frac{30}{100}\) × 2000 = 2600 rupees
So,
He will sell all 400 Oranges for Rs 2600
So,
The number of Oranges he must sell for Rs 260 = \(\frac{400}{10}\) = 40