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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 - Mathematics

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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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