A fruit vendor buys apples at the rate of 10 for 100. How many should he sell for 100, so that he makes a profit of 25% ?Options8657
Question
A fruit vendor buys apples at the rate of 10 for 100.
How many should he sell for 100, so that he makes a profit of 25% ?
Options: 8, 6, 5, 7
Solution
The vendor buys 10 apples for 100. So, the cost price of 1 apple is 100/10 = 10.
He wants to make a profit of 25%. So, the selling price of 1 apple should be 125% of the cost price.
125% of 10 is 12.5.
So, he should sell 1 apple for 12.5.
If he wants to sell apples for 100, then the number of apples he should sell is 100/12.5 = 8.
So, the vendor should sell 8 apples for 100 to make a profit of 25%.
Therefore, the correct option is 8.
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