Multiple choice

Swapna bought 15 apples for Rs. 10 and sold them at the rate of 12 apples for Rs. 12. What is percentage profit or loss?

  1. Loss 10%

  2. Profit 10%

  3. Loss 50%

  4. Profit 50%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

CP of 15 apples = 10, so CP of 1 apple = 10/15 = 2/3. SP of 12 apples = 12, so SP of 1 apple = 1. Profit per apple = 1 - 2/3 = 1/3. Profit percentage = (Profit / CP) * 100 = ((1/3) / (2/3)) * 100 = 50%.

AI explanation

The cost price of one apple is Rs. 10 divided by 15, which equals Rs. 2/3. The selling price of one apple is Rs. 12 divided by 12, which equals Re. 1. Using the profit percentage formula, (Selling Price minus Cost Price) divided by Cost Price times 100 gives (1 minus 2/3) divided by 2/3 times 100. This simplifies to (1/3) divided by (2/3), resulting in 1/2 times 100, which yields a 50% profit.

Keep practicing — related questions