A shopkeeper bought 60 apples at the rate of Rs 240 per dozen. For how much should he sell an apple in order to gain 5 %? Options :212022none

Sure, let's solve this step by step:

Step 1: First, we need to find out the cost price of each apple. The shopkeeper bought 60 apples at the rate of Rs 240 per dozen. This means he bought 5 dozens of apples (since 60 apples = 5 dozens). So, the total cost price for 60 apples = 5 * Rs 240 = Rs 1200.

Step 2: Now, the cost price of each apple = Total cost price / Total number of apples = Rs 1200 / 60 = Rs 20.

Step 3: The shopkeeper wants to gain 5% on selling each apple. So, the gain on each apple = 5% of cost price of each apple = 5/100 * Rs 20 = Rs 1.

Step 4: Therefore, the selling price of each apple should be = Cost price of each apple + Gain on each apple = Rs 20 + Rs 1 = Rs 21.

So, the shopkeeper should sell each apple for Rs 21 to gain a profit of 5%. Hence, the correct option is 2.