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A man bought 6 apples for Rs. 24 and sold them at 4 apples for Rs. 20. His profit percentage is:
1. 25%
2. 30%
3. 40%
4. 50%

1 Answer

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Correct Answer - Option 1 : 25%

Given:

CP of 6 apples = Rs. 24

SP of 4 apples = Rs. 20 

Formula Used:

Profit Percent = {(SP - CP)/CP} × 100%

Where, SP = Selling Price, CP = Cost Price

Calculation:

According to the question,

CP of the apples = (Cost Value of 6 apples)/(Number of apples bought)

⇒ 24/6 = Rs. 4

SP of the apples = (Sale Value of 4 apples)/(Number of apples sold)

⇒ 20/4 = Rs. 5

Profit percentage = {(SP - CP)/CP} × 100%

⇒ {(5 - 4)/4} × 100%

⇒ (1/4) × 100%

⇒ 25%

∴ His profit percentage is 25%.

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