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?
Answer & explanation
Correct answer: option 1
CP = \(\frac{1}{8}\)
SP = \(\frac{1}{8}\) × \(\frac{16}{10}\) = \(\frac{1}{5}\)
He should sell 5 oranges for Rs. 1.