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 =
=
= 25%
Hence, the correct answer is 25%.