A man bought some fruits at the rate of 16 for Rs. 24 and sold them at the rate of 8 for Rs. 18. What is the profit percent?

2 Answers on this Question

1. cost price(c.p) of one fruit = 24/16
   (c.p) = Rs 1.50
   selling price(s.p) of one fruit = 18/8
   (s.p) =Rs 2.25
   profit for one fruit = 2.25 – 1.50 = 0.75
   profit
   profit % = ———– * 100
   cost price
   0.75
   = ——- * 100
   1.50
   = 50%

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2. Suchi Teegala ‘s calculation was rite but arrived with a
   wrong ans.
   percentage is= 0.75 / 1.5 * 100 = 50 % is the ans

   Reply