By selling 32 apples for Rs 30, a man loses 25%. How many apples should be sold for Rs 24, to gain 20% in the transaction?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → 16
Step 1: Find the cost price of 32 apples
Let CP of 32 apples = x.
Given: selling price = Rs 30, loss = 25%
$\text{Loss \%} = \frac{\text{CP − SP}}{\text{CP}} \times 100$
$25 = \frac{x - 30}{x} \times 100$
$0.25x = x - 30 ⟹ x - 0.25x = 30 ⟹ 0.75x = 30$
$x = \frac{30}{0.75} = 40$
Cost price of 32 apples = Rs 40
Step 2: Cost price per apple
$\text{CP per apple} = \frac{40}{32} = 1.25$
Step 3: Find number of apples to sell for Rs 24 to gain 20%
Let number of apples = n
- CP of n apples = $1.25 \times n$
- SP of n apples = Rs 24
- Gain = 20% → SP = 1.2 × CP
$24 = 1.2 \times (1.25 \times n) = 1.5 \, n$
$n = \frac{24}{1.5} = 16$