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Question

Fill in the blanks to make the statement true.
Narain bought 120 oranges Rs.4 each. He sold 60% of the oranges at Rs.5 each and the remaining at Rs.3.50 each. His ......... is ........... %.

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Solution

Total oranges =120

60% of total oranges =60100×120=72

Remaining oranges =12072=48

Now,
Cost price of 120 oranges =120×4=Rs.480
Selling price of 72 oranges =72×5=Rs.360
Selling price of 48 oranges =48×3.50=Rs.168
Selling price of 120 oranges =360+168=Rs.528

Here, S.P.>C.P.

therefore, profit that Narain gets
528480=Rs.48

Profit%=48480×100
=10%

His Profit is 10 %.

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