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MCQ

100 oranges are bought at the rate of ₹ 350 and sold at the rate of ₹ 48 per dozen. The percentage of profit or loss is

#### Options

`14 2/7`% gain

15% gain

`14 2/7`% loss

15% loss

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#### Solution

**`14 2/7`% gain**

**Explanation : **

CP of 1 orange = ₹ `(350/100)` = ₹ 3.50

SP of 1 orange = ₹ `(48/12)` = ₹ 4

∴ Gain% = `(0.50/3.50xx100)%=100/7%`

= `14 2/7%`

Concept: Profit and Loss (Entrance Exam)

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