A man buys 15 mangoes for a rupee. How many mangoes had he sold for a rupee so that there is a loss of 25 percent?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 20.
A man buys 15 mangoes for a rupee.
The cost price of a mango (C.P.) = Rs. 1/15
The loss percentage = 25%
The selling price of a mango (S.P.) = [(100 - Loss%)/100] × C.P.
= [(100 - 25)/100] × (1/15)
= (75/100) × (1/15)
= (3/4) × (1/15)
= 1/20
The number of mangoes that can be sold in 1 rupee = 1/(1/20) = 20
Therefore, the man sold a total of 20 mangoes for a rupee.