A man bought toffees at 3 for a rupee. How many toffees for a rupee must he sell to gain 50%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2
Cost price of 3 toffiees = Rs 1
So, the CP of 1 toffiee = Rs 1/3
For 50% profit SP of 1 toffiee = (1/3) × 150/100 = Rs 1/2
SP of 1 toffiee = Rs 1/2
So, Sp of 2 toffiees = Rs 1