Difficulty: Easy
Correct Answer: 8
Explanation:
Introduction / Context:
When items are priced as 'x for a rupee', converting to per-unit selling price clarifies profit or loss. Here we know a 20% loss occurs at 12-for-1. We must find the new count per rupee that yields a 20% gain on the true cost per orange.
Given Data / Assumptions:
Concept / Approach:
Compute the actual CP from the initial loss relation, then multiply by 1.2 to get the per-unit SP for 20% gain. Finally invert to get 'k for a rupee'.
Step-by-Step Solution:
CP = (1/12) / 0.8 = 1/9.6 ≈ Rs 0.1041667.Required SP for 20% gain: SP2 = 1.2 × CP = 1.2 × 1/9.6 = 1/8 = Rs 0.125.At Rs 0.125 each, one rupee buys 8 oranges ⇒ answer 8.
Verification / Alternative check:
Check gains: SP2 − CP = 0.125 − 0.1041667 ≈ 0.0208333; divide by CP gives 0.2 = 20% (as required).
Why Other Options Are Wrong:
5 or 6 for a rupee make the per-unit price too high (profit > 20%); 10 or 15 make it too low (profit < 20% or even loss).
Common Pitfalls:
Adding/subtracting percentages to the count 12 instead of applying them to the money-per-orange price, or mixing rupees with paise incorrectly.
Final Answer:
8
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