The student has made a profit of 56.25% by buying oranges at ₹ 0.80 each and selling them at ₹ 1.25 each. This indicates a successful transaction. Therefore, the correct answer is (1) 56.25% profit.
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To find the profit percentage in this transaction, let's break down the problem step by step.
Cost Price (CP): Oranges are bought at 100 for ₹80. So, the cost price of 1 orange is: CP of 1 orange = 100 80 = 0.8 (in ₹)
Selling Price (SP): All of them are sold at 80 for ₹100. So, the selling price of 1 orange is: SP of 1 orange = 80 100 = 1.25 (in ₹)
Profit Calculation:
Profit per orange is the difference between selling price and cost price: Profit per orange = 1.25 − 0.8 = 0.45 (in ₹)
Profit Percentage:
Profit percentage is calculated as: Profit Percentage = ( CP of 1 orange Profit per orange ) × 100%
Substitute the values: Profit Percentage = ( 0.8 0.45 ) × 100% = 56.25%
Thus, the gain or profit percentage in this transaction is 56.25% .
The correct option is (1) 56.25% profit.