A merchant can buy goods at the rate of Rs. 20 per good. The particular good is part of an overall collection and the value is linked to the number of items that are already on the market. So, the merchant sells the first good for Rs. 2, second one for Rs. 4, third for Rs. 6…and so on. If he wants …

Question

A merchant can buy goods at the rate of Rs. 20 per good. The particular good is part of an overall collection and the value is linked to the number of items that are already on the market. So, the merchant sells the first good for Rs. 2, second one for Rs. 4, third for Rs. 6…and so on. If he wants to make an overall profit of at least 40%, what is the minimum number of goods he should sell?

Lalit Prajapati · Answer

27 it is.

Aniket Adak · Answer

suppose, there are total n objects

CP = 20*n
SP = 2+4+6+8+....+2n = n(n+1)
n*(n+1) = 1.4*20n

n+1 = 28
n=27

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