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Question

By selling $50$ mangoes for $₹30$, a person loses $10\%$. How many mangoes should he sell for $₹28$ to gain $20\%$?

This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is
$35$

Calculating Cost Price from Loss

The initial situation involves selling $50$ mangoes for $₹30$ with a $10\%$ loss.

  • Selling Price ($SP$) = $₹30$ for $50$ mangoes.
  • Loss percentage = $10\%$.
  • This means the Selling Price ($SP$) is $100\% - 10\% = 90\%$ of the Cost Price ($CP$).

We can write this as an equation:

$SP = 0.90 \times CP$

$₹30 = 0.90 \times CP$

Now, solve for $CP$:

$CP = \frac{₹30}{0.90} = \frac{300}{9} = \frac{100}{3}$

So, the Cost Price ($CP$) for $50$ mangoes is $₹\frac{100}{3}$.

Determining Selling Price for Target Gain

The goal is to achieve a $20\%$ gain.

  • Target Gain percentage = $20\%$.
  • The target Selling Price ($SP_{target}$) should be $100\% + 20\% = 120\%$ of the Cost Price ($CP$).

Calculate the target $SP$ for $50$ mangoes:

$SP_{target} = 1.20 \times CP$

$SP_{target} = 1.20 \times ₹\frac{100}{3} = \frac{12}{10} \times \frac{100}{3} = \frac{4}{10} \times 100 = ₹40$

Therefore, to gain $20\%$, $50$ mangoes must be sold for $₹40$.

Calculating Mangoes for Target Price

We need to find out how many mangoes should be sold for $₹28$ to achieve the $20\%$ gain.

We know:

  • $50$ mangoes correspond to a selling price of $₹40$ for a $20\%$ gain.

Let $x$ be the number of mangoes to be sold for $₹28$. We can use a proportion:

$\frac{\text{Number of Mangoes}}{\text{Selling Price}} = \text{constant}$

$\frac{50}{₹40} = \frac{x}{₹28}$

Solve for $x$:

$x = \frac{50 \times 28}{40} = \frac{5 \times 28}{4} = 5 \times 7 = 35$

Thus, $35$ mangoes should be sold for $₹28$ to gain $20\%$.

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Similar Questions

  1. I bought two frocks for ₹1,200. I sold the first one at a loss of 7% and the second at a gain of 23%. If, on the whole I made neither a loss nor a gain, find the cost price (in ₹) of the first frock.
  2. The selling price of 40 books is equal to the cost price of 28 books. Find the loss or gain percentage.
  3. I bought two toy guns for ₹1,200. I sold the first one at a loss of 8% and the second at a gain of 16%. If, on the whole I made neither a loss nor a gain, find the cost price (in ₹) of the first toy gun.
  4. Sarita buys two old Samsung and three Mi mobile phones for ₹40,200. If she sells the Samsung phones at a 10% profit and the Mi phones at a 20% profit then her total profit is ₹5,640. The cost price of the Mi phone is:
  5. The cost price of 19 pens is equal to the selling price of 16 pens. Percentage gain is:
  6. X purchased a car at ₹ 1,50,000 and then sold it to Y at a profit of 5%. Y later sold it back to X at a loss of 2%. Find the overall profit or loss for X in the entire transaction
  7. The cost price of a car was ₹1,50,000. It was sold by X at a profit of 5% to Y. It was later sold back to X by Y at a 1% loss. Find X's profit in the entire transaction.
  8. A vendor sells 10 oranges for ₹1 and gains $30\%$. How many oranges did he buy for ₹1?
  9. Sohan lost $20\%$ by selling his old fan for ₹1,500. At what price (in ₹) he should have sold it to get $20\%$ profit?
  10. Find percentage loss when cost price = ₹850 and selling price = ₹680.

Important Questions from Profit and Loss

  1. By selling an article for Rs. 2,200, a profit of 10% is earned. If the same article is sold for Rs. 2,600, then what will be the gain percentage?

  2. By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?

  3. The selling prices of articles A and B are the same. A is sold at a profit of 28 percent and B is sold at a loss of 24 percent. If the total selling price of the both articles is Rs. 48640, then what is the cost price of A and B, respectively ?

  4. The cost price of an article is Rs. 2800. Profit as a percentage of selling price is 20 percent. What is the actual profit (in Rs.) ?

  5. A trader bought 640 kg of rice. He sold a part of rice at 20% profit and the rest at 5% loss. He earned a profit of 15% in the entire transaction. What is the quantity (in kg) of rice that he sold at 5% loss?

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