Multiple choice

A man buys 10 oranges for a rupee and sells 8 oranges for a rupee. What is the profit percentage?

  1. 10%

  2. 12.5%

  3. 20%

  4. 25%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price of 1 orange = 1/10 = 0.10. Selling price of 1 orange = 1/8 = 0.125. Profit = 0.125 - 0.10 = 0.025. Profit percentage = (0.025 / 0.10) * 100 = 25%.

AI explanation

The cost price of one orange is 1 / 10 of a rupee, or Rs. 0.10, and the selling price of one orange is 1 / 8 of a rupee, or Rs. 0.125. Using the profit percentage formula, ((Selling Price - Cost Price) / Cost Price) x 100, we get ((0.125 - 0.10) / 0.10) x 100. This simplifies to (0.025 / 0.10) x 100, resulting in a 25% profit.

Keep practicing — related questions