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    • Question

      A fruit seller buys oranges at the rate of 12 for ₹60

      and sells them at the rate of 8 for ₹48. Find his percentage profit.
      A 20% Correct Answer Incorrect Answer
      B 40% Correct Answer Incorrect Answer
      C 50% Correct Answer Incorrect Answer
      D 30% Correct Answer Incorrect Answer

      Solution

      Cost price of 1 orange = 60/12 = ₹5.  Selling price of 1 orange = 48/8 = ₹6.  Profit % = ((6 - 5)/5) × 100  = 20%.  Correct option: a

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