Multiple choice

The cost price of 100 mangoes is equal to the selling price of 80 mangoes. What is the profit percentage?

  1. 16%

  2. 20%

  3. 24%

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

Let CP be the cost price and SP be the selling price. 100 * CP = 80 * SP, so SP/CP = 100/80 = 5/4. Profit percentage = ((SP-CP)/CP) * 100 = ((5-4)/4) * 100 = 25%.

AI explanation

Let the cost price of one mango be Re. 1, making the total cost price for 100 mangoes Rs. 100. Based on the given condition, the selling price of 80 mangoes is also Rs. 100, meaning each mango is sold for 100/80 = Rs. 1.25. Using the profit percentage formula, Profit Percentage = ((Selling Price - Cost Price) / Cost Price) * 100, we get ((1.25 - 1) / 1) * 100 = 25%.

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