Navneet purchases some no. of oranges at

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Navneet purchases some no. of oranges at the rate of 8 oranges for Rs.1. How many oranges should he sell for Rs.1 for earning 60% profit?

Options:

Correct Answer:

Explanation:

CP = \(\frac{1}{8}\)

SP = \(\frac{1}{8}\) × \(\frac{16}{10}\) = \(\frac{1}{5}\)

He should sell 5 oranges for Rs. 1.