By selling 45 lemons for ₹40, a man loses 20%. How many should he sell for ₹24 to gain 20% in the trans action?
Detailed Explanation:
Step 1: Selling 45 lemons for ₹40 at 20% loss means Cost Price (CP) = ₹40 ÷ 0.8 = ₹50. Thus, CP per lemon = ₹50 ÷ 45 = ₹10/9.
Step 2: To gain 20%, Selling Price (SP) must be CP × 1.2. If total SP = ₹24, then CP required = ₹24 ÷ 1.2 = ₹20. Number of lemons = ₹20 ÷ (₹10/9) = 20 × 9/10 = 18 lemons.
Therefore, 18 lemons should be sold for ₹24 to achieve 20% gain, making Option 2 the correct answer.
Question 3 of 3 Profit, Loss and Discount
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