Question

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

Answer 1

Answer: Option C

Explanation:

So before solving this question we will get the C.P. and S.P. of 1 article to get the gain percent.

C.P. of 1 orange = 350/100 = Rs 3.50
S.P. of one orange = 48/12 = Rs 4 [note: divided by 12 as 1 dozen contains 12 items]
Gain = 4 - 3.50 = Rs 0.50
\begin{aligned} 
Gain\% = \frac{0.50}{3.50}*100 \\ 
= \frac{100}{7}\%
= 14\frac{2}{7}\% 
\end{aligned}