The selling price of 15 oranges is the same as the cost price of 19 oranges. What is the approximate profit percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 26.67%
SP of 15 Oranges = CP of 19 Oranges
Formula used:
Profit percentage = (SP - CP)/CP × 100
Calculations:
According to the question,
SP × 15 = 19CP
⇒ 15CP + 15Profit = 19CP
So, SP = Profit + CP
Profit = 4/15 CP
Now, Profit percentage = 4CP/15CP × 100
= 4/15 × 100
= 0.266666 .. × 100
= 26.67%