Ajay buys 18 oranges for ₹90 and sells 15 oranges for ₹105. Find the percentage of his gain.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 40%
Given that
CP of 18 oranges = 90 Rs
CP of 1 orange = 90/18 = 5 Rs
SP of 15 oranges = 105 Rs
SP of 1 orange = 7 Rs
Hence, Profit % = [(SP - CP)/CP]× 100 = [(7 - 5)/5] × 100 = (2/5) × 100 = 40%