Multiple choice

A vendor buys oranges at \$2 per dozen and sells them at 5 for \$2. What is his profit percentage?

  1. 104%

  2. 120%

  3. 125%

  4. 140%

  5. 145%
Reveal answer Fill a bubble to check yourself
D Correct answer
AI explanation

The cost price for one orange is 2 divided by 12, which equals 1/6 of a dollar. The selling price for one orange is 2 divided by 5, which equals 0.40 or 2/5 of a dollar. Using the profit percentage formula of ((selling price minus cost price) divided by cost price) times 100, we get ((2/5 minus 1/6) divided by 1/6) times 100, resulting in a 140 percent profit.

Keep practicing — related questions