$100$ oranges are brought for $₹ 350$ and sold at $₹$ $48$ per dozen. The percentage of profit or loss is ?

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Solution

Given , Cost Price (CP) of $100$ oranges = $₹ 350 .$
Number in oranges in one dozen = $12$
According to question,
Selling price of $12$ oranges = $₹ 48$
Selling price (SP) of $1$ orange = $\frac{₹ 48}{12}$ $= ₹ 4$
Selling price of $100$ oranges = $₹ 4 \times 100 = ₹ 400$
We know that when SP $>$ CP , there will be a profit
Profit = SP -CP
= $₹ 400 - ₹ 350$
= $₹ 50$
$P r o f i t % = (\frac{P r o f i t}{C P} \times 100) % = (\frac{50}{350} \times 100) % = (\frac{1}{7} \times 100) % = \frac{100}{7} % = 14 \frac{2}{7} %$
Thus , the profit on selling $100$ oranges at $₹ 48$ per dozen is $14 \frac{2}{7} % .$

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100 oranges are brought for ₹350 and sold at ₹48 per dozen. The percentage of profit or loss is ?

$100$ oranges are brought for $₹ 350$ and sold at $₹$ $48$ per dozen. The percentage of profit or loss is ?