Multiple Choice Questions on Jimmy bought 25 apples for Rs 10 and sold them at the rate of 24 apples for Rs 12 What is the percen........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Jimmy bought 25 apples for Rs 10 and sold them at the rate of 24 apples for Rs 12 What is the percen...........

Quant (SSC) Profit and loss
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    Jimmy bought 25 apples for Rs.10 and sold them at the rate of 24 apples for Rs.12. What is the percentage of profit made by him?

    25%

    Correct Answer

    70%

    Incorrect Answer

    60%

    Incorrect Answer

    100%

    Incorrect Answer
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    Explanation:

    CP of 1 apple=10/25=2/5
    SP of 1 apple=12/24=1/2
    profit= 1/2-2/5=1/10
    %= [(1/10) / (2/5) ] x 100 =25 %

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