The Cost Price of 100 Mangoes is equal to the selling price of 80 Mangoes. What is the Profit Pecentage?
A. 16% B. 20% C. 24% D. 25% UPSC CDS 1 2021 Elementary Matematics Solution: It is given that CP of 100 Mangoes = SP of 80 Mangoes. Let CP and SP be Cost Price and Selling Price of 1 Mango. We can write that, 100CP = 80SP SP = 100CP/80 SP = 5CP/4 We know that Profit % = ((SP - CP)/CP) * 100 Profit % = ((5CP/4 - CP)/CP) * 100 Profit % = (1/4) * 100 Profit % = 25 % Hence, (d) is the correct answer.