A vendor bought 100 oranges at ₹8 each. He sold 80 of them at ₹10 each and the remaining 20 oranges at ₹6 each. What is his overall profit or loss percentage?
Show answer & explanation
Correct answer: D
Explanation
Total cost price = 100 × 8 = ₹800
Total selling price = 80 × 10 + 20 × 6
= 800 + 120
= ₹920
Profit = 920 - 800 = ₹120
Profit percentage = 120/800 × 100 = 15%