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.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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