Hundred oranges are bought at the rate of Rs. | vedclass

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Question

(A) Cost Price $(C.P.)$ of $100$ oranges = $Rs. 350$.$C.P.$ of $1$ orange = $\frac{350}{100} = Rs. 3.5$.Selling Price $(S.P.)$ of $1$ dozen $(12)$ ora

Vedclass · Accepted Answer

$14 \frac{2}{7} \% 	ext{ gain}$

Vedclass · Answer

(A) Cost Price $(C.P.)$ of $100$ oranges = $Rs. 350$.$C.P.$ of $1$ orange = $\frac{350}{100} = Rs. 3.5$.Selling Price $(S.P.)$ of $1$ dozen $(12)$ oranges = $Rs. 48$.$S.P.$ of $1$ orange = $\frac{48}{12} = Rs. 4$.Since $S.P. > C.P.$,there is a profit.Profit = $S.P. - C.P. = 4 - 3.5 = Rs. 0.5$.Profit percentage = $\left( \frac{	ext{Profit}}{C.P.} 	imes 100 ight) \% = \left( \frac{0.5}{3.5} 	imes 100 ight) \% = \left( \frac{1}{7} 	imes 100 ight) \% = 14 \frac{2}{7} \% 	ext{ gain}$.

Hundred oranges are bought at the rate of $Rs. 350$ and sold at the rate of $Rs. 48$ per dozen. The percentage of profit or loss is:

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