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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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