A trader buys 12 oranges for Rs 10 and sells 10 oranges for Rs 12. His profit percent is
- 20%
- 24%
- 30%
- 44%
Show answer and solution
Correct answer: D. 44%
CP per orange = 10/12
SP per orange = 12/10. Profit per orange = 12/10 - 10/12 = (144 - 100)/120 = 44/120. Profit% = (44/120) / (10/12) x 100 = (44/120) x (12/10) x 100 = 44%.