A fruit vendor recovers the cost of 95 oranges by selling 80 oranges. What is his profit percentage?
Answer & explanation
Correct answer: option 1
Cost price of 95 oranges = Selling price 80 oranges
\(\frac{CP}{SP}\) = \(\frac{80}{95}\) = \(\frac{16}{19}\)
Profit = 19 - 16 = 3
Profit % = \(\frac{3 × 100}{16}\) = 18.75