Question

A fruit seller bought 25 kg oranges for Rs 450. However, he could not sell any of the fruits on the next day. So he reduced the price of the orange to Rs 15 per kg and all oranges were sold out. Find his profit or loss.

• A. loss, Rs 25
• B. Profit, Rs 25
• C. Loss, Rs 75
• D. Profit, Rs 75

Answer 1

The correct option is C

Loss, Rs 75

CP of 25 oranges = Rs 450

SP of 1 kg oranges = Rs 15

$\therefore$ SP of 25 kg oranges = 15 $\times$ 25 = Rs. 375

Since, SP < CP he incurs a loss.

Loss = CP - SP

= 450 -375

= Rs. 75