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%.
