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
$$\eqalign{ & \frac{{{\text{CP}}}}{{{\text{SP}}}} = \frac{{10}}{{12}} = \left. {\frac{5}{6}} \right\}{\text{1 profit}} \cr & {\text{Profit }}\% = \frac{1}{5} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 20\% \cr} $$