Question
A fruit seller buys oranges at the rate of 12 for ₹60.
How many oranges should he sell for ₹60 so as to gain 20%?Solution
CP of 12 Oranges =60Rs. CP of 1 Orange =60/12=5Rs. SP of 1 orange at the 20% interest rate=5×120/100 =6Rs. Oranges can be sold for Rs 60=60/6 =10Rs.
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