A person sells 64 apples for ₹60, making a 25% profit. If they incur a 40% loss, how many apples will they sell for ₹36?
Apple Selling Problem
A person sells 64 apples for ₹60, making a 25% profit. If they incur a 40% loss, how many apples will they sell for ₹36?
Solution
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Find the Cost Price (CP) of 64 apples:
We use the formula for profit:
SP = CP × (1 + Profit% / 100)
Substitute the values:
60 = CP × (1 + 25 / 100)
60 = CP × 1.25
CP = 60 / 1.25 = ₹48
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Find the CP of 1 apple:
The CP of 64 apples is ₹48. So, the CP of 1 apple is:
48 / 64 = ₹0.75
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Find the SP of 1 apple with a 40% loss:
Use the formula for loss:
SP = CP × (1 - Loss% / 100)
Substitute the values:
SP = 0.75 × (1 - 40 / 100)
SP = 0.75 × 0.6 = ₹0.45
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Find the number of apples sold for ₹36:
Total SP = ₹36. SP of 1 apple = ₹0.45.
Number of apples:
36 / 0.45 = 80
Final Answer:
The person will sell 80 apples for ₹36 when incurring a 40% loss.
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