A man bought 18 oranges for a rupee and sold them at 12 oranges for a rupee. what is the profit percentage?

33.33 %
50 %
66.66 %
None of these

Correct Answer: 50 %

Explanation:

From question CP/SP = 12/18 = 2/3
∴ Profit (%) = ( 3 - 2 ) / 2 x 100 = 50%
2nd Solution:
CP = 100/18 = 5.55 paisa
SP = 100/12 = 8.33 paisa
∴ Profit = (8.33-5.55)/5.55 x 100 = 50 %

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