Profit and Loss Practice Test 3

Question : 4 of 40

Marks: +1, -0

By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get again of 20%?

Solution:

C.P. of 1 toffee =

100/80×1/12

= Re.

5/48

For 20% gain, S.P. =

120/100×5/48

= Re

1/8

Hence, S.P. = 8 toffees for a rupee.

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