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%?
Answer & explanation
Correct answer: option 1
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.