A man bought toffees at 3 for a rupee. How many toffees for a rupee must he shell to gain 50% ?
Answer & explanation
Correct answer: option 4
If he wants to gain 50% and the price is same while buying as well as selling, then the quantity he bought will be 150% of what is to be sold to gain 50% means,
150% = 3 toffees
100% = 2 toffees