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Question
A fruit-seller buys oranges at 4 for Rs. 3 and sells them at 3 for Rs. 4 Find his profit percent.
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Solution
Cost price (C.P.) per orange:
C.P. of 1 orange = `3/4`.
= ₹0.75
Selling price (S.P.) per orange:
S.P. of 1 orange `= 4/3`
= ₹1.33
Profit per orange
Profit = S.P. − C.P. = 1.33 − 0.75 = ₹0.58
Profit % = `"Profit"/"C.P." xx100`
`= 0.58/0.75 xx 100`
= 77.33%
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