if a person purchases 12 mangoes in rupees 10 and sells them at the rate of 10 mangoes in rupees 12 then that will be this profit loss percentage in this deal
Answers
Answer:
profit%=12^2-10^2/10^2 = 44%
If the cost of 12 mangoes is Rs.10 and the selling price of 10 mangoes is Rs.12 then the profit percentage in this deal is 44%.
Step-by-step explanation:
The cost price of 12 mangoes = Rs. 10
∴ The cost price of 1 mango will be = = = Re. 0.833
The selling price of 10 mangoes = Rs. 12
∴ The selling price of 1 mango will be = = = Rs. 1.2
Since the S.P. of 1 mango > C.P. of 1 mango, therefore the person will make a profit in this deal.
Thus,
The profit percentage in this deal is given by,
= [(S.P. – C.P.)/C.P.] * 100
= [(1.2 – 0.833)/0.833] * 100
= 44.05%
≈ 44%
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