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A man bought some fruits at the rate of 16 for Rs. 24 and
sold them at the rate of 8 for Rs. 18. What is the profit
per cent?
(a) 50%
(b) 60%
(c) 40%
(d) 25%
(e) None of these
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Answer Posted / francis
cost price(c.p) of one fruit = 24/16
(c.p) = Rs 1.50
selling price(s.p) of one fruit = 18/8
(s.p) =Rs 2.25
profit for one fruit = 2.25 - 1.50 = 0.75
profit
profit % = ----------- * 100
cost price
0.75
= ------- * 100
1.50
= 50%
| Is This Answer Correct ? | 92 Yes | 6 No |
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