The selling price of 15 oranges is the same as the cost price of 19 oranges. What is the approximate profit percentage?
Answer & explanation
Correct answer: option 4
Selling price of 15 oranges = Cost price of 19 oranges
\(\frac{SP}{CP}\) = \(\frac{19}{15}\)
Profit = 19 - 15 = 4
Profit% = 4 × \(\frac{100}{15}\) = 26.67%