Difficulty: Easy
Correct Answer: 5 for Re. 1
Explanation:
Given Data
Step 1: Compute target SP per toffee
SP per toffee = CP × (1 + 20%) = (1/6) × 1.2 = 0.2 = Re. 1 ÷ 5
Step 2: Convert back to a convenient selling phrase
If SP per toffee is Re. 0.20, then he must sell 5 for Re. 1.
Checks & Common Pitfalls
Final Answer
He should sell 5 for Re. 1 to gain 20%.
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