The C.P of 18 oranges is the same as the S.P of 15 oranges.Find the percentage gain?5%10%15%20%
Question
The C.P of 18 oranges is the same as the S.P of 15 oranges. Find the percentage gain?
Options:
- 5%
- 10%
- 15%
- 20%
Solution
Let's solve this step by step:
Step 1: Assume the cost price (C.P) of one orange is 18.
Step 2: According to the problem, the selling price (S.P) of 15 oranges is also 18/15 = $1.2.
Step 3: The gain is calculated by subtracting the cost price from the selling price. So, the gain for one orange would be 1 = $0.2.
Step 4: The percentage gain is calculated by dividing the gain by the cost price and then multiplying the result by 100. So, the percentage gain would be (1)*100 = 20%.
So, the percentage gain is 20%.
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