Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 5)
5.
A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
3
4
5
6
Answer: Option
Explanation:

C.P. of 6 toffees = Re. 1

S.P. of 6 toffees = 120% of Re. 1 = Rs. 6
5

For Rs. 6 , toffees sold = 6.
5

For Re. 1, toffees sold = 6 x 5 = 5.
6

Video Explanation: https://youtu.be/7wKrnZ0LKA8

Discussion:
211 comments Page 2 of 22.

Naresh said:   1 decade ago
What is the maximum number of half-pint bottles of cream that can be filled with a 4-gallon can of cream(2 pt.=1 qt. and 4 qt.=1 gal)

Akshay said:   1 decade ago
Use this simple formule:

S.P=100+gain%
-----------*C.P
100

S.P=100+20/100
-----------*1

100
Now simplify u will gwt the answer 5

Kailash said:   1 decade ago
N/A' here N=no. of toffees
A'= 100+percentage/100 we taken + on profit and - on loss

so 6/100+20/100

6x100/120

600/120

=5

this is very shortcut method of this type question

Mrs pallavi said:   1 decade ago
Hey hi i have simple solution
6 toffees for re. 1
so c.p of 6 toffees are= 1

We have default formula to calculate s.p
s.p=(100+profit%)*c.p/100
s.p=(100+20)*1/100
s.p=120*1/100
s.p=120/100
s.p=12/10
s.p=6/5

Therefore selling price is 6/5.

Namrata said:   1 decade ago
Why we do 6*5/6 nd how it be possile sold tofee 6?

Amit chandel said:   1 decade ago
Let me tell you
profit is 20%.now we know that
120%=6 tofees so
100=6*100/120
u get 5 ans

Santosh said:   1 decade ago
Thank you chatan

Poornima said:   1 decade ago
Hi cetan how you got sp of 6 toffee = 1.2 re?

Tushar Vaibhav said:   1 decade ago
S.P. of 6 toffees = 120%
How does it come ?

Prabhu said:   1 decade ago
Chetan your explanations are so smart.


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