Target profit via units per rupee: A man buys toffees at 6 for ₹ 1. To earn a profit of 50%, how many toffees should he sell for ₹ 1?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A5
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B2
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C4
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D6
Answer
Correct Answer: 4
Explanation
Introduction / Context:When buying and selling are expressed as “units per rupee,” convert to per-unit costs and prices. Then enforce the desired profit percentage to find the corresponding selling rate.
Given Data / Assumptions:
- Cost rate: 6 for ₹ 1 ⇒ CP per toffee = ₹ 1/6.
- Desired profit = 50%.
Concept / Approach:SP per toffee must be CP * 1.5. Convert this SP per toffee back to “toffees per ₹ 1.”
Step-by-Step Solution:Target SP per toffee = (1/6) * 1.5 = 1/4 rupeeHence, toffees per ₹ 1 at SP = 1 ÷ (1/4) = 4
Verification / Alternative check:Buying 6 for ₹ 1 and selling 4 for ₹ 1 implies revenue per 6 pieces is 6 * (1/4) = ₹ 1.5, a 50% profit on ₹ 1 cost.
Why Other Options Are Wrong:
- 5 / 2 / 6: do not produce 50% profit when reconciled with CP = 1/6 per piece.
Common Pitfalls:
- Averaging unit counts instead of converting to per-unit monetary values.
Final Answer:4