Question

A fruit-seller buys oranges at 4 for Rs.3 and sells them at 3 for Rs.4. Find his profit percent.

Answer 1

Let number of oranges bought = 12
[Note: L.C.M of 4 and 3 = 12]
$\therefore$ C.P. of oranges = Rs. $\frac{3}{4}\times 12$= Rs.9 and S.P. of oranges = Rs. $\frac{4}{3}\times 12$
= Rs. 16
Profit = 16- 9
= Rs. 7
Profit % = $\frac{Profit}{C.P.}\times 100$
= $\frac{7}{9}\times 100=\frac{700}{9}$%