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A fruit seller makes a profit of 20% by selling mangoes at a certain price. If he charges $ 1 more for each mango, he can make a profit of 40%. Find the selling price of a mango in the first case.
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- $ 6
- $ 5
- $ 5.50
- $ 7
Correct Option: A
As per the given in question ,
∵ (40 – 20)% = $ 1
⇒ 20% = $ 1
∴ 1% = | 20 |
∴ 120 % = | × 120 = $ 6 | 20 |