The selling price of 12 oranges is the same as the cost price of 15 oranges. Find the profit or loss per cent.
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Hello friend the profit percentage is 25%
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25%
Step-by-step explanation:
Suppose, the cost price of one orange is x
the cost price of 15 oranges is 15x
The question says 15x is the selling price of 12 oranges. So, the person will be in profit.
So, the selling price of 1 orange is 15x/12
So, the profit in one orange is (15x/12 -x) [as x is the cost price of one orange]
(15x/12 -x)
=3x/12
=x/4
On price x the seller got the profit x/4
on price 100 the seller will get the profit of= 100(x/4)/x
=25
The amount of the profit was 25%
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