Question : A shopkeeper purchases six small cold drink bottles for INR 100. For how much should he sell one such bottle to get a profit of 20%?
Option 1: INR 22
Option 2: INR 20
Option 3: INR 21
Option 4: INR 23
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Correct Answer: INR 20
Solution :
Total cost price = INR 100
Profit= 20%
Hence, required total selling price = $100\times \frac{120}{100}$= 120
$\therefore$ Price of each cold drink bottle = $\frac{120}6$ = INR 20
Hence, the correct answer is INR 20.
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