Question

Sardar Singh bought 200 dozen oranges at Rs 10 a dozen. He spent Rs 500 on transportation. He sold them at Rs 1 each. What was his profit or loss percent?

• A. 4%
• B. 6%
• C. 5%
• D. 7%
• E. None of the above

Answer 1

The correct option is A 4%

Cost price of 200 dozen oranges $=200\times 10=Rs2000$
Transportation cost $=Rs500$
$\therefore$ Cost Price (C.P.)=$2000+500=Rs25000$
Selling Price (S.P.)$=200\times 12\times 1$ =Rs 2400.
Loss =C.P.-S.P. $=2500-2400=Rs100$
$\therefore$ Loss % $=\frac{Loss\times 100}{C.P.}=\frac{100\times 100}{2500}=4\%$