By selling 45 lemons for Rs 40, a man loses 20%.How many should he sell for Rs 24 to gain 20% in the transaction?
a) 19
b) 22
c) 20
d) 18
e) 14

1 Answer

Answer :

Selling price = Rs. 40
Loss = 20%
Therefore, cost price = 40×100 /(100 - 20) = Rs. 50
Therefore, cost price of each lemon = Rs. 50/45
Now, selling price = Rs. 24
Profit = 20%
Cost price = 24×100/120 = Rs. 20
Number of lemons for Rs. 20 = 20/(50/45) = 900/50 = 18
Answer: d)

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