New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A fruit seller sells mangoes at a profit of 20%. If he

    had bought them at 10% less and sold them for ₹3 less per mango, he would have gained 25%. Find the cost price of each mango.
    A ₹16 Correct Answer Incorrect Answer
    B ₹12 Correct Answer Incorrect Answer
    C ₹8 Correct Answer Incorrect Answer
    D ₹15 Correct Answer Incorrect Answer

    Solution

    Let the cost price of each mango be ₹x. Selling price in first case = x + 20% of x = 1.2x In second case: Cost price = 0.9x, Selling price = 0.9x + 25% of 0.9x = 1.125 × 0.9x = 1.0125x Given: 1.0125x = 1.2x - 3 0.1875x = 2 x = ₹16 Correct answer: a) ₹16

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