A man bought 50 apples for #500. He sold all the apples at the rate of #12 for one apple. What is the man's profit percentage on the 50 oranges

I need an answer asap

(50*12 - 500)/500 = 0.20 = 20%

To determine the man's profit percentage on the oranges, we need to calculate both the cost price and the selling price of the oranges.

First, let's calculate the cost price (C.P.) of each orange. The man bought 50 apples for #500, so the cost price of each apple is #500/50 = #10.

Now, let's calculate the selling price (S.P.) of each orange. The man sold each apple for #12.

Next, let's calculate the total cost price (T.C.P.) of the 50 apples. The total cost price is equal to the cost price of each apple multiplied by the number of apples, which is #10 * 50 = #500.

The total selling price (T.S.P.) of the 50 apples is equal to the selling price of each apple multiplied by the number of apples, which is #12 * 50 = #600.

To calculate the profit (P), we subtract the total cost price from the total selling price. The profit is #600 - #500 = #100.

The profit percentage can be calculated using the formula: (Profit / Cost Price) * 100.

In this case, the profit percentage is (#100 / #500) * 100 ≈ 20%.

Therefore, the man's profit percentage on the 50 oranges is approximately 20%.