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

    Question

    A shopkeeper buys toffees at the rate of 14 for 1 rupee.

    At what rate (how many toffees per rupee) should he sell them to earn a 40% profit?
    A 11 Correct Answer Incorrect Answer
    B 10 Correct Answer Incorrect Answer
    C 6 Correct Answer Incorrect Answer
    D 12 Correct Answer Incorrect Answer
    E 8 Correct Answer Incorrect Answer

    Solution

    C.P. of 14 toffees = Rs. 1
    S.P. of 14 toffees = 140% of 1 = Rs. 7/5
    For Rs. 7/5, toffees sold = 14
    For Rs. 1, toffees sold = 10

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