Question 26
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Cost price of 12 oranges is equal to the selling price of 9 oranges and the discount on 10 oranges is equal to the profit on 5 oranges. What is the percentage point difference between the profit percentage and discount percentage?
- A 20
- B 22.22 Correct
- C 16.66
- D 15
Correct Answer: Option B
Ratio of selling price and Cost Price,
SP : CP = 12 : 9 = 4 : 3
Profit of 3 oranges = Re 1 (Let CP = Re 1)
Profit = 1/3 = 33.33%
And, Discount = 11.11%
Since, CP : SP : MP = 3 : 4 : 4.5
Profit doubles that of discount.
So, % point discount = 33.33% -11.11% = 22.22% point.
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