Multiple choice

The cost price of 20 oranges is same with selling price of 16 oranges.The profit percentage is -

  1. 30%

  2. 20%

  3. 25%

  4. 16%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

CP of 20 oranges = SP of 16 oranges. Let CP per orange = c, SP per orange = s. Then 20c = 16s, so s/c = 20/16 = 5/4. Profit = SP - CP = s - c = (5/4)c - c = c/4. Profit% = (Profit/CP) × 100 = (c/4c) × 100 = 25%. Option C is correct.

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