MAH MBA CET 2024 (9 Mar Slot 1)
By selling 45 lemons for ₹40, a man loses 20%. How many lemons should he sell for ₹24 to gain 20%?
Answer (Detailed Solution Below)View answer ▾Hide ▴
Answer: Option A — 18
Detailed Solution
CP of 45 lemons =
CP of one lemon =
For a 20% gain at SP ₹24: CP =
Number of lemons =
⚠ Common trap
20 is the CP in rupees, not the number of lemons.Quick tip
Cost per lemon = 10/9; CP needed = 24 × 100/120 = 20
💬 Discussions on this question
Ask a doubt ›Still stuck on this question? Ask our faculty and fellow students — answers appear here.
Ask a doubtMore Profit, Loss & Discount Questions
View all ›- Q1.The marked price of an article is 1.45 times its cost price. Its selling price is ₹1,500 and the profit is 25%. What is the discount percentage?
- Q2.Ritu purchased 20 dozen bananas at Rs. 375 per dozen. She sold each of them at Rs. 33. What was her profit percentage?
- Q3.A shopkeeper marks his goods 25% above the cost price and allows a discount of 12%. His profit per cent is
- Q4.By selling an article for ₹ 720, a man loses 10%. At what price should he sell it to gain 15%?
- Q5.A dealer offers a cash discount of 20% and still makes a profit of 20% when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much percent above the cost price was the listed price of the article?
More Quantitative Aptitude Questions
Profit, Loss & Discount — Preparation
This question tests your understanding of Profit, Loss & Discount, a key topic in the Quantitative Aptitude section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.
Profit and loss questions deal with buying and selling: cost price, selling price, marked price, profit or loss percentage, and discounts. Profit or loss percentage is always calculated on the cost price, while discount percentage is calculated on the marked price, and mixing these up is the most common mistake. Questions test successive discounts, dishonest dealers using false weights, selling two articles at the same price with one at a profit and one at a loss, marking up goods and then offering a discount, and finding the cost price from given conditions. Converting percentages to fractions makes most of these questions quick. For example, a 25% profit means SP = 5/4 of CP. Practise the profit, loss and discount questions below. Each has a step-by-step solution and a fraction-based shortcut where it helps.