100 oranges are bought at the rate of rs 350
Asked by admin @ in India Languages viewed by 324 People
100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:
Answered by admin @
→CP of 100 oranges = ₹ 350
CP of 1 orange = 350/100 = ₹ 3.5
→SP of 12 oranges = ₹ 48
SP of 1 orange = 48/12 = ₹4
→Gain = 4.0-3.5 = 0.5
→Gain percent = [(gain×100)/CP]%
= (0.5×100/3.5)%
=100/7%
= 14 2/7 %
Hope it helps
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