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Question

Hanif bought one box of 50 apples for Rs 400. he sold all the apples at the rate of Rs 10 each. Was there a profit or loss? What was its percentage?

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Solution

Total no. of apples in the box =50
Cost price of 50 apples =Rs.400
Selling price of one apple =Rs.10
Selling price of 50 apples =10×50=Rs.500
Since S.P.>C.P.
Therefore,
Profit %=S.P.C.P.C.P.×100=500400400×100=1004=25%

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