If the cost price of 12 oranges is equal to selling price of 10 oranges, then the percentage of profit is = ?
A. $$16\frac{2}{3}$$%
B. 20%
C. 18%
D. 25%
Answer: Option B
Solution (By Examveda Team)
According to the question,12 Cost Price = 10 Selling Price
$$\eqalign{ & \frac{{{\text{CP}}}}{{{\text{SP}}}} = \frac{{10}}{{12}} = \left. {\frac{5}{6}} \right\}{\text{1 profit}} \cr & {\text{Profit }}\% = \frac{1}{5} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 20\% \cr} $$
This Question Belongs to Arithmetic Ability >> Profit And Loss
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