A shopkeeper purchases six small cold drink bottles for Rs 100 For how much should he sell one such ...........

Quantitative Aptitude (CGL) Profit and loss

A shopkeeper purchases six small cold drink bottles for Rs 100. For how much should he sell one such bottle to get a profit of 20%?

This questions was previously asked in

ssc cgl 2023 pre

Rs 22

Rs 20

Rs 21

Rs 23

- The shopkeeper buys six cold drink bottles for Rs 100. Therefore, the cost price of one bottle is Rs 100/6 ˜ Rs 16.67.

- He wants to achieve a 20% profit.

- To calculate the selling price for a 20% profit, we take 120% of the cost price per bottle.

- 120% of Rs 16.67 is calculated as (120/100) × 16.67 = Rs 20.

Correct Answer: Option 2, Rs 20

- Option 1: Rs 22 is higher than needed for a 20% profit.

- Option 3: Rs 21 provides slightly more than a 20% profit, but is unnecessary.

- Option 4: Rs 23 is well beyond the 20% profit margin.

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