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### Discussion :: Profit and Loss

1.  A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
2.  A. 3 B. 4 C. 5 D. 6

Answer : Option C

Explanation :

C.P. of 6 toffees = Re. 1

 S.P. of 6 toffees = 120% of Re. 1 = Rs.$$\frac { 6 } { 5 }$$

 For Rs. $$\frac { 6 } { 5 }$$, toffees sold = 6.

 For Re. 1, toffees sold = 6 x$$\frac { 5} {6 }$$ = 5.

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