If Manoj purchases 324 toffees for Rs. 486, then how many toffees should he sell for Rs. 90 to earn 50% profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 40
If Manoj purchases 324 toffees for Rs. 486
Cost price of 1 toffee = 486/324 = 1.5Rs.
To earn 50% profit Selling price of 1 toffee should be 1.5 + 50% of 1.5 = 1.5 + 0.75 = 2.25Rs.
In 90 Rs a shopkeeper can sell 90/2.25 = 40 toffees.