A vendor sells 10 clips for a rupee gaining thereby 40%. How many clips did he buy for a rupee? · ABC26GN2569
Subject: General Aptitude · Chapter: Profit and Loss
A vendor sells 10 clips for a rupee gaining thereby 40%. How many clips did he buy for a rupee?
Answer
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Explanation
S.P. of $10 \mathrm{clips}=₹ 1$, Gain $=40 \%$. C.P. of $10 \mathrm{clips}=₹\left(\frac{100}{140} \times 1\right)=₹ \frac{5}{7}$. $$\text { For } ₹ \frac{5}{7} \text {, clips bought }=10 \text {. For ₹ } 1 \text {, clips bought }=\left(10 \times \frac{7}{5}\right)=14 \text {. }$$
Explanation as extracted from the printed page; notation may be imperfect.
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