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Profit, Loss & Discount · Question 13 of 72

Question 13

MediumOriginal question

A vendor buys 40 mangoes for ₹1,000. How many mangoes must he sell for ₹1,000 to make a profit of 25%?

Options for question 13

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. CP of one mango = ₹1,000 ÷ 40 = ₹25.

  2. For 25% profit, SP of one mango = ₹25 × 1.25 = ₹31.25.

  3. Mangoes for ₹1,000 = 1000÷31.25=321000 \div 31.25 = 32.

Worth noting

Cutting the number of mangoes by 25% (to 30) does not give 25% profit. Work with the price of one mango.

Concept
Number of items to sell for a target profit
Typical time
60 s
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