A man buy 20 oranges for Rs.15 and sells them at 15 oranges for Rs.18.Find his profit (or) loss percent?20%40%60%70%
Question
A man buy 20 oranges for Rs.15 and sells them at 15 oranges for Rs.18.Find his profit (or) loss percent?20%40%60%70%
Solution
First, let's find out the cost price (CP) and selling price (SP) per orange.
The man buys 20 oranges for Rs.15, so the cost price per orange is Rs.15/20 = Rs.0.75.
He sells 15 oranges for Rs.18, so the selling price per orange is Rs.18/15 = Rs.1.2.
Now, let's calculate the profit. The profit per orange is the selling price minus the cost price, which is Rs.1.2 - Rs.0.75 = Rs.0.45.
The profit percentage is calculated as (Profit/Cost Price) * 100. So, the profit percentage is (Rs.0.45/Rs.0.75) * 100 = 60%.
So, the man makes a profit of 60%.
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