a man bought some oranges at the rate of rs 15 for 5 and sold them at a rate of rs 16 for 4. calculate his profit percentage
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Step-by-step explanation:
CP OF 1 ORANGE=15÷5
=3
SP OF 1 ORANGE=16÷4
=4
SINCE,SP>CP
IT'S A PROFIT
PROFIT=SP-CP
=4-3
=1
PROFIT%=PROFIT/CP×100
=1/3×100
=100/3%
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