Question

A man bought 550 oranges at 60 paisa each and 240 oranges at 50 paisa each. If he sold them at the rate of 10 for rs 9 , what was his profit percentage?

Answer 1

Dear Student
Cost of first type orange = Rs 0.6
cost 550 oranges of first type orange = 550*0.6 =Rs 330
Cost of second type orange = Rs 0.5
cost 240 oranges of second type orange = 240*0.5 =Rs 120
Total number of orange =550+240 =790
Cost of 1 set (10 Nos) of orange = Rs 9
Number of set of 10 orange =$\frac{790}{10}=79$
cost of 79 set orange =79*9 =711

Therefore he has profit
Profit percentage = $\frac{sellingprice-\cos tprice}{\cos tprice}\times 100=\left(\frac{711-(330+120)}{450}\right)\times 100=58\%$