A shopkeeper bought some mangoes at a rate of 9 per Rs.5 and then sold them at a rate of dozen per Rs. 8. Find his percentage of profit and loss.

20%

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35%

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40%

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18%

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Solution

The correct option is A
20%

Cost price of 9 mangoes = Rs. 5

Selling Price of 12 mangoes = Rs.8

So, selling price of 1 mango = Rs. $\frac{8}{12}$ = Rs. 0.66

Selling price of 9 mangoes = Selling price of 1 mango x 9 = 0.66 x 9 = Rs. 6

SP > CP, so it is profit

Profit = Selling Price - Cost Price = Rs.6 - 5 = Rs. 1

Profit% = $\frac{p r o f i t}{C . P}$ x 100 = $\frac{1}{5}$ x 100 = 20%

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