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By selling 120 mangoes, a shopkeeper gains the selling price of 20 mangoes. Find his profit percentage. |
20% 25% 10% 12% |
20% |
By selling 120 mangoes, a shopkeeper gains the selling price of 20 mangoes means, 120SP - 120CP = 20SP 6SP - 6CP = SP 6SP - SP = 6CP 5SP = 6CP SP : CP = 6 : 5 Profit% = ( 6 – 5 ) × \(\frac{100}{5}\) = 20% |
