Profit and loss

Quantitative Aptitude (CGL)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

By selling 12 oranges for Rs 60 a man losses 25%. The number of oranges he has to sell for Rs 100 so as to gain 25% is?

Loss=25%=1/4

=> CP:SP=4:3 ;

SP=60

hence CP=80
Profit=25%=1/4

=> CP:SP=4:5 ;

CP=80 hence

SP=100
for gaining 25% in Rs 100 item he has to sell an item of Rs 80;

In Rs 80 12 oranges.

Hence, option 2 is the correct answer.