52 oranges are bought for Rs119.60 and sold at the rate of Rs41.40 per dozen. The profit percentage is:
This questions was previously asked in
SSC MTS 18th October 2021 Shift-1
Explanation:
- Cost Price (CP) Calculation:
- Total cost for 52 oranges = Rs119.60
- Cost price per orange = Rs119.60 / 52 ˜ Rs2.30
- Selling Price (SP) Calculation:
- 1 dozen = 12 oranges
- Selling price for 1 dozen = Rs41.40
- Selling price per orange = Rs41.40 / 12 ˜ Rs3.45
- Profit Calculation:
- Profit per orange = Selling price per orange - Cost price per orange
- Profit per orange = Rs3.45 - Rs2.30 = Rs1.15
- Profit Percentage Calculation:
- Profit percentage = (Profit per orange / Cost price per orange) × 100
- Profit percentage = (Rs1.15 / Rs2.30) × 100 ˜ 50%
- Correct Answer: Option 3 - 50%
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By: santosh