If a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?Options44% profit40 % profit40% loss44% loss
Question
If a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?Options44% profit40 % profit40% loss44% loss
Solution
First, let's calculate the cost price and selling price per mango.
Cost Price (CP) per mango = Total cost / Number of mangoes = Rs 10 / 12 = Rs 0.83 (approximately)
Selling Price (SP) per mango = Total selling price / Number of mangoes = Rs 12 / 10 = Rs 1.2
Now, let's calculate the profit or loss.
Profit or Loss = Selling Price per mango - Cost Price per mango = Rs 1.2 - Rs 0.83 = Rs 0.37 (profit, because the selling price is more than the cost price)
Now, let's calculate the profit percentage.
Profit percentage = (Profit / Cost Price per mango) * 100 = (0.37 / 0.83) * 100 = 44.57% (approximately)
So, the man makes approximately 44% profit.
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