The cost price of 15 apples is the same as the selling price of 12 apples. Find the percentage profit.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 25.
Cost Price (CP) of 15 apples = Selling Price (SP) of 12 apples
Let’s assume:
The Cost Price of 1 apple = ₹1
→ Then CP of 15 apples = ₹15
Since SP of 12 apples = CP of 15 apples = ₹15,
→ SP of 1 apple = ₹15 / 12 = ₹1.25
Profit = SP - CP = ₹1.25 - ₹1 = ₹0.25
Profit % = (Profit/CP) × 100 = (10.25) × 100 = 25%