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

Correct answer: 5

Solution

Buying 6 toffees for Re. 1 means cost price of one toffee is Re. \(\frac{1}{6}\). For a 20% gain, selling price per toffee must be Re. \(\frac{1}{6}\times 1.2 = \frac{1}{5}\). So he should sell 5 toffees for a rupee.

Related IBPS PO Quantitative Aptitude questions

A started a business. B and C joined him in the first year. Their investments were in the ratio 5:4:7 respectively, and the periods for which they invested were in the ratio 4:3:2 respectively. In the second year, A doubled the investment. B and C continued with the same investment for the same number of months as they did in the first year. The total profit in 2 years was Rs. 14,000. What is B's share of the profit?
Directions (76-80): In the following table, the investments and profit of three persons are given for different years in a joint business. Investments (in Rs.) / Profit (in Rs.) Year | A | B | C || A | B | C 2012 | 17000 | 21000 | 23000 || 85000 | — | 115000 2013 | — | 5000 | — || — | 12500 | 92500 2014 | — | 7000 | 8000 || — | — | 14000 2015 | — | — | 9000 || 50000 | 44000 | 24000 2016 | 11000 | 20000 | — || — | — | — Note: 1. Apart from 2015, they invested the amounts for the same period. 2. Some values are missing. You have to calculate the value from the given data. If the total profit in 2014 is 49000, then find the ratio of the investment of B in 2013 to the investment of A in 2014.
Total profit earned by all in 2016 is Rs. 4,45,500, and the ratio of investment made by A and B together to the investment made by B and C together is 31:52. Find the difference between the profit made by A and C in 2016.
A man invests 50% of the amount invested by B. B withdraws the whole amount from the business after 4 months. C joins the business one month after B has withdrawn, with an investment of \(X\) rupees. At the end of the year, A and C share the same amount of profit. If B’s investment is Rs. 2400, which of the following may be the investment of C? (i) 1800 (ii) 3600 (iii) 2400 (iv) 7200 (v) 5400
The marked price of an article is 60% more than the cost price of the article. When it is sold at x% discount, then ____% profit is obtained, and when it is sold at a discount of 2x%, ____% profit is obtained. Which of the following options are possible for the blanks in the same order?
The ratio of the marked prices of articles A and B is 4:5. A shopkeeper allows a discount of d% on article A and a discount of (d + 18)% on article B, so that the selling prices of both articles become equal. If the shopkeeper makes a profit of 20% on article A and 25% on article B, and the profit on article B is Rs. 384 more than that on article A, then find the cost prices of articles A and B, respectively.

⚔️ Practice IBPS PO Quantitative Aptitude free + battle 1v1 →