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Question
By selling 11 oranges for a rupee, a man loses 10%. How many oranges for a rupee should he sell to gain 10%?
Options
9
10
8
5
MCQ
Solution
9
Explanation:
SP of 11 oranges = ₹ 1
SP of 1 oranges = `1/11`
Loss = 10%
CP`=100/90xx1/11` .......`[∵"CP" = ((100)/(100-"L"%))xx"SP"]`
SP at 10% Profit`=110/100xx100/90xx1/11=1/9`
i.e. 9 oranges should be sold for a rupee to gain 10%.
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Profit and Loss (Entrance Exam)
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