Ragini purchases oranges at Rs. 10 per dozen and sells them at Rs. 12 for every 10 oranges. What is the profit percentage?

40 %
44 %
60 %
48 %

Correct Answer: 44 %

Explanation:

Cost price (CP) = 10 / 12 ,
Selling price (SP) = 12 / 10
Profit (%) = [ (SP - CP) / CP ] x 100
∴ Profit (%) = [( 12 / 10 - 10 / 12 ) / (10 / 12) ] X 100 = 44 %

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