If a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?
Question
If a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?
Solution
Sure, let's break it down:
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First, we need to find out the cost price of each mango. The man bought 12 mangoes for Rs 10, so the cost price of each mango is Rs 10/12 = Rs 0.83 (approximately).
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Next, we need to find out the selling price of each mango. The man sold 10 mangoes for Rs 12, so the selling price of each mango is Rs 12/10 = Rs 1.2.
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Now, we can calculate the profit per mango. The profit is the selling price minus the cost price, so the profit per mango is Rs 1.2 - Rs 0.83 = Rs 0.37.
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Finally, we can calculate the total profit. The man sold 10 mangoes, so the total profit is 10 * Rs 0.37 = Rs 3.7.
So, the man makes a profit of Rs 3.7.
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