Question

A fruit seller Purchases 22 lemons in 3 and 3 rupees. In | If you sell at a rate of 25, what is the percentage of profit​

Answer 1

A fruit seller Purchases 22 lemons in 3 and 3 rupees. In | If you sell at a rate of 25, what is the percentage of profit ans is

The percentage profit X is defined by

X=(Amount of money you have at the endAmount of money you had at the start−1)×100

Since you have S at the end and C at the start (because that's the money you needed to buy the item) then

X=(SC−1)×100=(S−CC)×100=PC×100

To see why your second decision has to be wrong, consider the case where you buy something for $1 and sell it for $1,001, so that P=1000. With your first definition,

X=100×10001=100,000%

which makes sense - you clearly made a huge profit, so you expect your percentage profit to be huge. With your second definition,

X=100×10001001=99.9%

which is nowhere near big enough.