Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Rahul purchases some no. of oranges at the rate of 12 oranges for Rs.1. How many should he sell in rupees one to gain 20%?

Options:

7

10

12

8

Correct Answer:

10

Explanation:

CP of one orange = \(\frac{1}{12}\)

SP of one orange = \(\frac{1}{12}\) × \(\frac{6}{5}\) = \(\frac{1}{10}\)

Therefore, he should sell 10 oranges for Rs. 1.