Multiple Choice Questions on A vender sells lemons at the rate of 5 for Rs 14 gaining thereby 40 For how much did he buy a dozen ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A vender sells lemons at the rate of 5 for Rs 14 gaining thereby 40 For how much did he buy a dozen ...........

Quant (SSC) Profit and loss
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    A vender sells lemons at the rate of 5 for Rs. 14, gaining thereby 40%. For how much did he buy a dozen lemon?

    20

    Incorrect Answer

    21

    Incorrect Answer

    24

    Correct Answer

    28

    Incorrect Answer
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    Explanation:

    Let CP of lemon be x.
    Then, 140% of x = 14
    ⇒  x = 14 × 100 /100 = Rs. 10
    So, the actual CP of 5 lemon = 10
    Let the CP of 12 lemon = x.
    Then, 5 = 10
    12 = x
    By the cross multiplication, we get
    x  = 12 x 10 /5 = Rs. 24

    By: Amit Kumar
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