Question

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

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

Answer 1

Answer: (D)

$14\frac{2}{7}\%$ profit

C.P. of $100$ oranges $=$ Rs. $350$

S.P of $12$ oranges $=$ Rs. $48$
S.P of $100$ oranges $=$ Rs. $\frac{48}{12}\times 100=$ Rs. $400$

Profit $=400-350=$ Rs. $50$
$\therefore$ Profit $\%$ $=\frac{50}{350}\times 100=\frac{100}{7}=14\frac{2}{7}\%$