A fruit seller sells mangoes at the rate of Rs. 9 per Kg and thereby loses 20 percent. At what makes the price per Kg. He should have sold them to make a profit of 5 percent?
- 10.81
- 12.81
- 11.81
- None of these
Explanation
Selling price = Rs. 9 per Kg (at a loss of 20%)
Cost price = 9 / (1 - 0.20) = 9 / 0.80 = Rs. 11.25 per Kg
To make a profit of 5%:
Selling price = 11.25 x 1.05 = Rs. 11.81 per Kg
So, the correct answer is 11.81.
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