Question : A man buys 10 oranges for a rupee and sells 8 oranges for a rupee. What is the profit percentage?
Option 1: 10
Option 2: 12.5
Option 3: 20
Option 4: 25
Correct Answer: 25
Solution :
Given:
A man buys 10 oranges for a rupee and sells 8 oranges for a rupee.
The cost price of 10 oranges = Re. 1
The cost price of 1 orange = Rs. 0.10
The selling price of 8 oranges = Re. 1
The selling price of 1 orange = Rs. 0.125
Gain percentage = $\frac{\text{selling price – cost price}}{\text{cost price}}$ × 100
= $\frac{0.125 - 0.10}{0.10}$ × 100
= 25%
Hence, the correct answer is 25%.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
