Multiple choice general knowledge

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

  1. 3

  2. 4

  3. 5

  4. 6
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price per toffee = 1/6 rupee. For 20% profit, selling price must be 1.20 × cost = 1.20 × (1/6) = 0.20 rupee per toffee. At 20 paise each, he sells 5 toffees for a rupee (5 × 0.20 = 1.00 rupee).

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