1) A man bought some fruits at the rate of 16 for Rs. 24 and sold them at the rate of 8 for Rs. 18. What is the profit percent ? A) 25% B) 40% C) 50% D) 60% E) 70% Answer: Option CExplanation:Suppose no of fruits brought = LCM of 16 and 8 = 16 C.P of 16 fruits = Rs.24 S.P of 16 fruits = Rs. $\left(\frac{18}{8}\right)\times 16$ $= 36$ Profit % $=\left(\frac{12}{24}\right)\times 100$ = 50%
