Puneet purchases 5 dozens of oranges at the rate of Rs 120 per dozen. He sold each one of them at the rate of Rs 11.5. What is the profit (in percentage) of Puneet?
Cost of 1 dozen oranges = Rs. 120
=> Cost of 5 dozen oranges = $$120\times5=Rs.$$ $$600$$
=> Cost of 1 orange = $$\frac{600}{5\times12}=Rs.$$ $$10$$
Selling price of 1 orange = Rs. 11.5
=> Profit % = $$\frac{(11.5-10)}{10}\times100$$
= $$1.5\times10=15\%$$
=> Ans - (D)
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