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Question

A vendor bought 20 oranges for Rs.125 and sold them at Rs.90 per dozen. Find his gain or loss percent to the nearest integer.

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Solution

CP of 20 oranges =Rs.125
CP of 1 orange =Rs.12520=Rs.6.25
SP of 12 oranges =Rs.90
Sp of 1 orange =Rs.9012=Rs.7.5
Profit = SP-CP =Rs.7.5Rs.6.25=Rs.1.25
Profit%=1.256.25×100=20%

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