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Multiple choice

A fruit vendor sells apples at ₹30 each and earns a profit of 20%. Had he sold them at ₹20 each, what is his profit/loss percentage?

  1. 10

  2. 20

  3. 25

  4. 30

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling price = 30, Profit = 20%. Cost price = 30 / 1.2 = 25. If sold at 20, loss = 25 - 20 = 5. Loss % = (5/25) * 100 = 20%.

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