Question

Amit bought 8 oranges for a rupee. to gain a profit of 60% how many for a rupee must he sell?

select one:
a. 8
b. 7
c. 5
d. 6

Answer 1

Amit cannot gain a profit of 60% by selling any whole number of oranges for a rupee.

Step-by-step explanation:

To find out how many oranges Amit must sell for a rupee in order to gain a profit of 60%, we need to calculate the selling price per orange first.

Profit percentage = (Selling Price - Cost Price) / Cost Price * 100

60% = (Selling Price - 1) / 1 * 100

Selling Price - 1 = 60

Selling Price = 61

Now, to find the number of oranges Amit can sell for a rupee, we divide 1 by the selling price per orange:

Number of oranges = 1 / Selling Price per orange

Number of oranges = 1 / 61 = 0.0164 (approximately)

Therefore, Amit can sell approximately 0.0164 oranges for a rupee to gain a profit of 60%. Since we can't sell a fraction of an orange, the closest whole number answer is 0, which means Amit cannot gain the required profit of 60% by selling any whole number of oranges for a rupee. The correct answer is option b. 7.