A man buys 400 oranges for Rs. 2000. How many oranges can be sold for Rs. 260 so that he gets a profit of 30%?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 40.
Total CP = Rs 2000
Profit percentage = 30%
SP = 2000 + 30% of 2000 = Rs. 2600
Selling Price of 400 Oranges = Rs.2600
Hence, the number of Oranges he must sell for Rs 260 = 400/10 = 40