Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 5)

Profit and Loss

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

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

Discussion:

211 comments Page 7 of 22.

Rashi said: 8 years ago

1 rupee tofee=6.
profit=20%.
s.p=cp*100/100+profit.
s.p=6*100/100+20.
s.p=6*100/120.
s.p=5.

Din said: 8 years ago

6÷20*100=5.

Manikanta.C said: 8 years ago

Thank you @Roji and @Chetan.

It helped me a lot to solve many of profit and loss problems by using your logic.

Izahar Ansari said: 8 years ago

Well explained. Thank You.

Kishore said: 8 years ago

c.p =1.
p%=20.
so,sp=(120/100)c.p=1.2(for 6 toffes(i.e 0.2 for each)).
so, 0.2*5(why 5,to sell it for 1 re)=1 (ans :5).

Sangipriyanka said: 8 years ago

How we get 6/5?

Gokul said: 8 years ago

How did they find the number of toffees for Re 1?

Prakhar anand upasak said: 8 years ago

100%= 6
120%= 6 * 100/120=5 toffees.

Sameer said: 8 years ago

Step 1: 6 toffees in 1 Rs.

Step 2: Add 20% to Rs 1, that's 1.2 Rs.

Step 3: 6/1.2 = 5 Toffees.

Pankaj said: 8 years ago

To get 20% profit he sold 6 toffees at 1.20 Rs.
So,
1.2 Rs => 6 toffees.
1 Rs => X toffees.

Cross Multiply, we get
X = (6 x 1) / 1.2 = 5 toffees.

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