Question

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:

Options

• `14 2/7`% gain

• 15% gain

• `14 2/7`% loss

• 15% loss

Answer 1

`14 2/7`% gain

Explanation:

C.P. of 1 orange = Rs `(350/100)` = Rs. 3.50

S.P. of 1 orange = Rs. `(48/12)` = Rs. 4

∴ Gain % = `(0.50/3.50 xx 100)% = 100/7 % = 14 2/7 %`