Profit percentage of selling 5 oranges, a shopkeeper gains the selling price of 1 orange is equals to 25%.
What is profit?
" Profit is defined as difference of cost price from selling price when the selling price of a product is greater than its cost price."
Formula used
Profit percentage = [tex]\frac{Selling price - cost price}{cost price} (100)[/tex]
According to the question,
We know that,
Selling price = cost price + profit
Substitute the given condition in the selling price formula we get,
Selling price of 5 oranges
= Cost price of 5 oranges + Selling price of 1 oranges
⇒(S.P of 5 oranges) - (S.P of 1 oranges) = C.P. of 5 oranges
⇒S.P of 4 oranges = C.P of 5 oranges
⇒[tex]\frac{S.P}{C.P}=\frac{5}{4}[/tex]
Substitute the value in the formula to get profit percentage,
Profit percentage = [tex]\frac{5-4}{4}(100)[/tex]
= 25%
Hence, profit percentage of selling 5 oranges, a shopkeeper gains the selling price of 1 orange is equals to 25%.
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