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Given:
The cost price of 5 apples is equal to the selling price of 3 apples
Formula Used:
Profit % = (SP – CP) /CP × 100
Loss % = (CP – SP)/CP × 100
Calculation:
Let the CP of 1 apple be Rs. x
According to the question,
5 × x = 3 × SP of apples
⇒ SP of 1 apple = (5 × x)/3
⇒ SP of 1 apple = 5x/3
⇒ SP of 1 apple > CP of 1 apple
Profit = SP of 1 apple – CP of 1 apple
⇒ Profit = 5x/3 – x
⇒ Profit = 2x/3
⇒ Profit % = (2x/3)/x × 100
⇒ Profit % = 2/3 × 100
⇒ Profit % = 66.66%
∴ Profit % is 66.66%
According to the question,
5CP = 3SP
⇒ CP/SP = 3/5
Profit = SP – CP
⇒ Profit = 5 – 3
⇒ Profit = 2
Profit % = Profit/CP × 100
⇒ Profit % = 2/3 × 100
⇒ Profit % = 66.66%
∴ Profit % is 66.66%
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