Question : The selling price of 15 oranges is the same as the cost price of 19 oranges. What is the approximate profit percentage?
Option 1: 15.34%
Option 2: 18.75%
Option 3: 32.5%
Option 4: 26.67%
Correct Answer: 26.67%
Solution :
Profit% = $\frac{\text{Selling Price-Cost Price}}{\text{Cost Price}}\times 100$
Let the cost price of 1 orange is Re. 1.
According to the question
Selling price of 15 oranges = Cost Price of 19 Oranges = Rs. 19
and the cost price of 15 oranges = Rs. 15
Now,
Profit percentage = $\frac{19 - 15}{15}$×100 = $\frac{4}{15}$×100 = 26.67%
Hence, the correct answer is 26.67%.
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