A vendor sells a coconut at Rs.24 and suffers 24% loss. If he wants to make 14% profit, then at what price ( in Rs.) should he sell?Options28303236

To solve this problem, we first need to find the cost price of the coconut for the vendor.

Given that the vendor sells the coconut at Rs.24 and incurs a 24% loss, this means that Rs.24 represents 76% of the cost price (since 100% - 24% = 76%).

So, we can set up the equation:

24 = 0.76 * Cost Price

Solving for Cost Price gives us:

Cost Price = 24 / 0.76 = Rs.31.58 (approximately)

Now, if the vendor wants to make a 14% profit, he should sell the coconut at 114% of the cost price (since 100% + 14% = 114%).

So, the selling price for a 14% profit would be:

Selling Price = 1.14 * Cost Price

Selling Price = 1.14 * 31.58 = Rs.36 (approximately)

So, the vendor should sell the coconut at approximately Rs.36 to make a 14% profit. The closest option to this is 36.