A man sold 20 articles for Rs. 60 and gained 20%. How many articles did he buy for Rs.60?
- 26
- 22
- 24
- 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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