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:

• A. $14\frac{2}{7}$% gain
• B. $15$% gain
• C. $14\frac{2}{7}$% loss
• D. $15$% loss

Answer 1

The correct option is A $14\frac{2}{7}$% gain

C.P. of $1orange=Rs.\left(\frac{350}{100}\right)=Rs.3.50$
S.P. of $1orange=Rs.\left(\frac{48}{12}\right)=Rs.4$
$\therefore Gain$% $=(\frac{0.50}{3.50}\times 100)$% $=\frac{100}{7}$% = $14\frac{2}{7}$%