Question

11 oranges are bought for ₹ 10 and 10 oranges are sold for ₹ 11. Find the gain (or) loss per cent.

• A. $21\%$ loss
• B. $11\%$ gain
• C. $21\%$ gain
• D. $11\%$ loss

Answer 1

The correct option is C $21\%$ gain

Consider the price of each orange :

CP = ₹ $\frac{10}{11}$, SP $=₹\frac{11}{10}$

$Profitpercentage\%=\frac{\frac{11}{10}-\frac{10}{11}}{\frac{10}{11}}\times 100=21\%$

Since the profit percentage is positive, the net transaction is a gain.

Hence, gain % is 21%.