# Profit & Loss Mcqs

Q.  By selling 12 oranges for one rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?

a. 5
b. 8
c. 10
d. 15

ANSWER: See Answer

He buys 12 oranges,

Then S.P = Rs. 1

Now, 80 : 1 :: 120 : X

X = 1 × 120/80 = 3/2 Rs. 3/2,

oranges sold = 12 Rs. 1,

oranges sold = (12 × 2/3) = 8
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