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Question
100 oranges are bought at the rate of ₹ 350 and sold at the rate of ₹ 48 per dozen. The percentage of profit or loss is
Options
`14 2/7`% gain
15% gain
`14 2/7`% loss
15% loss
MCQ
Solution
`14 2/7`% gain
Explanation :
CP of 1 orange = ₹ `(350/100)` = ₹ 3.50
SP of 1 orange = ₹ `(48/12)` = ₹ 4
∴ Gain% = `(0.50/3.50xx100)%=100/7%`
= `14 2/7%`
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Profit and Loss (Entrance Exam)
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