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A fruit seller makes a profit of 20 by selling mangoes...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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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 = ?

Answer & Solution
Correct Answer: Option A
Let CP of 1 mango → 100
CP   SP  
100   →   120   [Profit→20]
100   →   140   [Profit→40]
Difference in SP = 140 - 120 = 20
20 unit = Rs. 1
1 unit = $$\frac{1}{{20}}$$
120 unit = $$\frac{120}{{20}}$$ = Rs. 6
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