Question

Question 45

In questions 24 to 59, fill in the blanks to make the statements true.
Narain bought 120 oranges at Rs. 4 each. He sold 60 % of the oranges at Rs. 5 each and the remaining at Rs. 3.50 each. His ___ is ___ % .

Answer 1

Given, CP of 1 orange = Rs. 4
CP of 120 oranges $=4\times 120=Rs.480$
Now, 60 % of 120 oranges $=\frac{60}{100}\times 120=72$
$\therefore$ SP of 72 oranges = 72 $\times$ 5 = Rs. 360
and SP of remaining oranges $=(120-72)\times 3.50=48\times 3.50=Rs.168$
$\therefore$ Total SP of 120 oranges = 360 + 168 = Rs. 528
Since, SP > CP
Profit = SP - CP = 528 - 480 = Rs. 48
We know that, Profit % $=\frac{Profit}{CP}\times 100\%=\frac{48}{480}\times 100\%=10\%$
Hence, his profit is 10 %.