Question

11 oranges were bought for Rs. 10 and 10 of those were sold for Rs. 11. Find the gain or loss percent.

• 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 = Rs. $\frac{10}{11}$, SP = Rs. $\frac{11}{10}$

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

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

Hence, gain % is 21%.