The selling price of 15 oranges is the same as the cost price of 19 oranges What is the approximate ...........

Quantitative Aptitude (MTS) Profit and loss

The selling price of 15 oranges is the same as the cost price of 19 oranges. What is the approximate profit percentage?

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SSC MTS 26th July 2022 Shift-1

15.34%

18.75%

32.5%

26.67%

- The cost price (CP) of 19 oranges is equal to the selling price (SP) of 15 oranges.

- To find the profit percentage, let's assume the cost price of one orange is $1.

- Therefore, the cost price of 19 oranges is $19.

- Since 19 oranges' cost price equals 15 oranges' selling price, the SP of each orange is $19/15 ˜ $1.27.

- Profit per orange = SP - CP = $1.27 - $1 = $0.27.

- Profit percentage = (Profit/CP) × 100 = ($0.27/$1) × 100 = 27%.

- The option closest to 27% is option 4.

Thus, the correct answer is: Option 4 - 26.67%.

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