Question:
By selling 5 dozen mangoes for Rs 156 it was found that 3/10 th of the outlay was gained. What should the retail price per mango be in order to gain 60%?
A:
Rs 4
B:
Rs 2
C:
Rs 3.2
D:
Rs 4.2
Ans: C
Solution: Let Cost price of mangoes is Rs x.
According to question
Selling price of one mango = 156/60
Now
x*(1+3/10)=156/60
x=2
Now retail price per mango be in order to gain 60%= 2*(1+60/100)
=3.2