Kamal purchases some no. of oranges at the rate of 70 oranges for Rs.1. How many should he sell in rupees one to gain 25%?
Answer & explanation
Correct answer: option 3
CP of one orange = \(\frac{1}{70}\)
SP of one orange = \(\frac{1}{70}\) × \(\frac{125}{100}\) = \(\frac{1}{56}\)
Therefore, he should sell 56 oranges for Rs. 1.