Kunal purchases some no. of oranges at t

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Kunal purchases some no. of oranges at the rate of 23 oranges for Rs.1. How many should he sell in rupees one to gain 15%?

Options:

Correct Answer:

Explanation:

CP of one orange = \(\frac{1}{23}\)

SP of one orange = \(\frac{1}{23}\) × \(\frac{115}{100}\) = \(\frac{1}{20}\)

Therefore, he should sell 20 oranges for Rs. 1.