A merchant earns a profit of 20% by selling a basket containing 80 apples whose cost is ₹ 240 but he gives one-fourth of it to his friend at cost price and sells the remaining apples. In order to earn the same profit, at what price must he sell each…

Question

Accepted Answer

∵ CP of 80 apples = ₹ 240
∴ CP of 1 apples = ₹ 3
∴ CP of 20 apples = ₹ 60
To earn a profit of 20%
SP = 120% of 240 = ₹ 288
But he sales 1/4 of his apples i.e., 20 apples for ₹ 60
∴ SP of remaining 60 apples = 288 - …

A merchant earns a profit of 20% by selling a basket containing 80 apples whose cost is ₹ 240 but he gives one-fourth of it to his friend at cost price and sells the remaining apples. In order to earn the same profit, at what price must he sell each apple?

Discussion & Comments