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Select the correct answerIf a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?Options40% loss44% loss44% profit40 % profit

Question

Select the correct answerIf a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?Options40% loss44% loss44% profit40 % profit

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Solution

To solve this problem, we first need to determine the cost price and the selling price per mango.

  1. Cost Price (CP): The man buys 12 mangoes for Rs 10. So, the cost price per mango is Rs 10/12 = Rs 0.833.

  2. Selling Price (SP): The man sells 10 mangoes for Rs 12. So, the selling price per mango is Rs 12/10 = Rs 1.2.

  3. Now, we calculate the profit or loss. Since the selling price is greater than the cost price, the man makes a profit.

  4. The profit per mango is SP - CP = Rs 1.2 - Rs 0.833 = Rs 0.367.

  5. The profit percentage is calculated as (Profit/CP)*100. Substituting the values, we get (0.367/0.833)*100 = 44.04%.

So, the man makes a 44% profit. Therefore, the correct answer is "44% profit".

This problem has been solved

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