Question

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 his profit percent?

Answer 1

Given:

A man bought some fruits at the rate of 16 for rs. 24

Man sold them at the rate of 8 for rs. 18

To find:

The profit percentage.

Solution:

A man bought some fruits at the rate of 16 for rs. 24

Which means that

• 16 fruits cost Rs. 24

Man sold them at the rate of 8 for rs. 18

which means that

• 8 fruits sell at Rs. 18
• 16 fruits sell at Rs. 36

So the

• Cost price = Rs. 24
• Selling Price = Rs 36
• Profit = SP-CP = 36-24 = Rs. 12

Profit% = (Profit/CP) ×100

• Profit% = (12/24) ×100
• Profit% = 50%

The profit percentage is 50%.