Question

A man buys 100 apples for Rs.3000 and sells 80 apples for Rs.3000. What is the percentage of profit?

• A. 20\%
• B. 22\%
• C. 24\%
• D. 25\%

Hint:

Convert everything to per-unit cost and price for bulk profit problems.

Answer 1

The Correct Option is D

Concept: Find cost per unit and selling price per unit. Explanation: Cost of 100 apples = 3000 Cost per apple: \[ 3000 \div 100 = 30 \] Selling price of 80 apples = 3000 SP per apple: \[ 3000 \div 80 = 37.5 \] Profit per apple: \[ 37.5 - 30 = 7.5 \] Profit percentage: \[ \frac{7.5}{30} \times 100 = 25\% \]