If 50 bananas be sold for ₹160 at a loss of 20%. How many bananas should he sell for ₹1,540 so as to make 10% profit?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 350.
50 bananas sold for ₹160 at 20% loss.
So, Cost Price (C.P.) = 160 × 100 / 80 = ₹200
⇒ Cost of 50 bananas = ₹200 ⇒ Cost of 1 banana = ₹4
He wants 10% profit.
Selling Price (S.P.) per banana = 4 × 110 / 100 = ₹4.40
Number of bananas = 1540 / 4.40 = 350