A man buys 3 oranges ₹4 and sells 4 oranges for ₹6. How much profit percentage does he make.
i. 12.5%
ii. 50.25%
iii. 33.33%
iv. 25%
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Answer:
His profit is then 6/4 - 4/3, or 18/12–16/12=2/12, or 1/6 rupee per orange.
The percentage is 1/6 / 4/3:
=1/6 x 3/4
=1/8
=12 1/2% profit
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