By Ajay Kumar

Verified by Ajay Kumar

A vendor buys apples at 10 for ₹120 and sells them at 8 for ₹100. What is his profit or loss percentage?

  1. 4.17% profit

  2. 4.17% loss

  3. 5.27% profit

  4. 5.27% loss

Answer: A

Solution

Cost price per apple is \(120/10=12\)₹. Selling price per apple is \(100/8=12.50\)₹. Profit per apple is \(12.50-12=0.50\)₹. Profit percentage is \(\frac{0.50}{12}\times100=4.17\%\) approximately. Trick: Convert both prices to a per-apple price before calculating the percentage.

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