100 Oranges Are Bought for Rs 350 and Sold at Rs 48 per Dozen. The Percentage of Profit or Loss Is

The cost price of 100 orange = Rs. 350

The selling price of 12 oranges = Rs. 48

Therefore, the selling price of 100 oranges = (48/12)×100

SP of 100 oranges = Rs. 400

Therefore, Profit = 400-350 = Rs. 50

The profit percentage = (50/350)×100 = 100/7

Hence, the percentage of profit is 14(2/7)%.

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