A vendor buys apples at 10 for ₹120 and sells them at 8 for ₹100. What is his profit or loss percentage?
Show answer & explanation
Correct answer: A
Explanation
Cost price of 10 apples = ₹120
Selling price of 8 apples = ₹100
Cost price per apple = 120 / 10 = ₹12
Cost price of 8 apples = 8 × 12 = ₹96
Profit = 100 − 96 = ₹4
Profit %