Q.

A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?

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a

Rs.11.81 

b

Rs.12 

c

Rs.12.25

d

Rs.12.31  

answer is A.

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Detailed Solution

A fruit seller sells mangoes of the rate of Rs 9, he is getting 20% loss

Hence, the  cost price is as below

x-0.2x=90.8x=9x=90.8 =11.25

To get the profit of 5% the selling price is as below

SP=11.25+0.05·11.25 =11.25+0.5625 =11.81

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