Multiple choice

By selling 20 oranges, a man makes a profit, i.e. selling price of 5 oranges. What is the profit percentage?

  1. 25%

  2. 20%

  3. 16.66%

  4. 33.33%

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SP of 20 = CP of 20 + Profit. Profit = SP of 5. So SP of 20 = CP of 20 + SP of 5. SP of 15 = CP of 20. Profit = SP of 20 - CP of 20 = CP of 20 - CP of 15 = CP of 5. Profit % = (CP of 5 / CP of 15) * 100 = 33.33%.

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