The profit on selling 35 mangoes is equal to the cost price of 7 mangoes. What is the profit percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 20
According to question,
SP of 35 mangoes = CP of 35 mangoes + CP of 7 mangoes
SP of 35 mangoes = CP of 42 mangoes
SP/CP = 42/35 = 6/5
Profit % = (1/5) × 100 = 20%