Syam buys 10 apples for Rs 1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?

Syam buys 10 apples for Rs 1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?

  1. Rs 0.125
  2. Rs 1.25
  3. Rs 0.25
  4. Rs 1.5
  5. Rs 1.8

Correct Answer :  4

Solution:

He cost price of 1 apple = 1/10 th of a dollar or Rs 0.10.

As Syam wishes to make a profit of 25%, his selling price per apple will be 0.10 + 25% of 0.10 = Rs 0.125.

If the selling price of 1 apple is Rs 0.125, then the selling price of a dozen apples = 12 * 0.125

= Rs 1.5

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