General Aptitude TestNumerical AbilityProfit and Loss

After selling 140 apples a fruit seller earns a profit equal to S.P.…

After selling 140 apples a fruit seller earns a profit equal to S.P. of 20 apples. His profit percentage is:

Answer & explanation

Correct answer: option 1

Profit = Selling price - Cost price

SP₁₄₀ - CP₁₄₀ = SP₂₀

SP₁₄₀ - SP₂₀ = CP₁₄₀

SP₁₂₀ = CP₁₄₀

\(\frac{SP }{CP }\) = \(\frac{140 }{120}\)

\(\frac{SP }{CP }\) = \(\frac{7 }{6}\)

Profit% = \(\frac{1 }{6}\) x 100 = 16.66%