A fruit seller makes a profit of 20% by selling mangoes at a certain price. If he charges Rs. 1 more for each mango, he can make a profit of 40% . Find the selling price of a mango in the first case = ?
A. Rs. 6
B. Rs. 5
C. Rs. 5.50
D. Rs. 7
Answer: Option A
Solution (By Examveda Team)
Let CP of 1 mango → 100| CP | SP | ||
| 100 | → | 120 | [Profit→20] |
| 100 | → | 140 | [Profit→40] |
20 unit = Rs. 1
1 unit = $$\frac{1}{{20}}$$
120 unit = $$\frac{120}{{20}}$$ = Rs. 6
This Question Belongs to Arithmetic Ability >> Profit And Loss
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