A fruit vendor recovers the cost of 95 oranges by selling 80 oranges. What is his profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 18.75%
According to the question,
CP of 95 oranges = SP of 80 oranges
⇒ CP/SP = 80/95
⇒ CP/SP = 16/19
So, ratio of CP : SP = 16 : 19
So, profit = 19 - 16 = 3
Profit% = (3/16) × 100 = 18.75%