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Aptitude · Q148

Profit And Loss

Competitive Exams · Aptitude · question 148

Q148

A fruit seller makes a profit of 20% by selling mangoes at a certain price. If he charges Rs. 1 more for each mango, he can make a profit of 40% . Find the selling price of a mango in the first case = ?

A.
Rs. 6
Answer
B.
Rs. 5
C.
Rs. 5.50
D.
Rs. 7

Answer: Option A

Solution

Answer: Option A
Solution:
Let CP of 1 mango → 100
CP   SP  
100   →   120   [Profit→20]
100   →   140   [Profit→40]
Difference in SP = 140 - 120 = 20
20 unit = Rs. 1
1 unit =
120 unit = = Rs. 6