Question

Gopal sold 10 mangoes at the Cost price of 12 mangoes. What is the profit or the loss percentage

Answer 1

12x-10x=2x
2/12×100=50%

Answer 2

The profit percentage is 20%.

Given data :

Selling price of 10 mangoes = Cost price of 12 mangoes.

Let,the cost price of one mango = x

So,the cost price of 12 mangoes = 12×x = 12x

Selling price of 10 mangoes = 12x

Selling price of 1 mango = 12x/10 = 6x/5

Now, 6x/5 is greater than x,so it's a profitable deal.

Profit = 6x/5- x = x/5

Profit percentage = 100×x/5/x = 100× x/5 × 1/x = 20% (answer)