Profit and Loss - Arithmetic Aptitude Questions and Answers

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

Answer : Option C

Explanation :

C.P. of 6 toffees = Re. 1

S.P. of 6 toffees = 120% of Re. 1 = Rs. $\frac { 6 } { 5 }$

For Rs.		$\frac { 6 } { 5 }$ , toffees sold = 6.

For Re. 1, toffees sold =		6 x $\frac { 5} {6 }$			= 5.

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