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A man sold 20 articles for Rs. 60 and gained 20%. How many articles did he buy for Rs.60?
  1. 26
  2. 22
  3. 24
  4. None of these
Explanation

He sold 20 articles for Rs. 60 and gained 20%.

Let C.P. of 1 article = x

Then, S.P. of 1 article = x × 1.2

So for 20 articles:

20 × 1.2x = 60

→ x = 60/24 = 2.5

Thus, cost of 1 article = Rs. 2.5

Now, how many articles can he buy for Rs. 60?

60 ÷ 2.5 = 24

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