Navneet purchases some no. of oranges at the rate of 11 oranges for ₹1. How many oranges should he sell for ₹1 for earning 10% profit?
Answer & explanation
Correct answer: option 1
CP = \(\frac{1}{11}\)
SP = \(\frac{1}{11}\) × \(\frac{110}{100}\) = \(\frac{1}{10}\)
He should sell 10 oranges for Rs. 1.