100 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:
papay dey Answered question 4 days ago
Cost Price (CP) of 100 oranges = Rs. 350
Selling Price (SP) of 1 dozen oranges = Rs. 48
SP of 100 oranges = 48 × (100/12)
= 48 × 8.33
= 400
Since SP > CP, there is a profit.
Profit = SP – CP
= 400 – 350
= 50
Profit Percentage = (Profit/CP) × 100
= (50/350) × 100
= 14.29%
The percentage of profit is 14.29%.
papay dey Answered question 4 days ago
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