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Oranges Are Bought at 100 for ?80 and All of Them Are Sold at ₹80 for ₹100. Find the Loss Or Gain as Percent in this Transaction. - Mathematics

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Question

Oranges are bought at 100 for ?80 and all of them are sold at ₹80 for ₹100. Find the loss or gain as percent in this transaction.

Sum
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Solution

∵ C.P. of one orange = ₹ `80/100 = ₹ 0.8`

and S.P. of one orange = `₹ 100/80 = ₹ 1.25`

Clearly, profit = ₹ 1.25 - ₹ 0.8 = ₹ 0.45

and profit 5 = ₹`0.45/0.8 xx 100`

`= 45/8 xx (100 xx 10)/100`

`= 450/8 = 56.25 %`

∴ Profit % = 56.25 %

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Concept for Application to Profit and Loss (Single Transaction Only)
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Chapter 9: Profit, Loss and Discount - Exercise 9 (B)

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Selina Concise Mathematics [English] Class 7 ICSE
Chapter 9 Profit, Loss and Discount
Exercise 9 (B) | Q 16

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