The selling price of 8 apples is equal to the purchase price of 10 apples? What is the profit margin?

The selling price of 8 apples is equal to the purchase price of 10 apples? What is the profit margin?

A 20%

B 15%

C 10%

D 25%

Solution

Correct Answer: Option D

Selling price of 8 apples be 100

Then, Purchasing price of 10 apples is 100.

Now,

Selling price of 8 apples be 100

Selling price of 10 apples be 100*10/8 = 125

Profit margin = (125-100)% = 25%