Question

6. 11 oranges are bought for 10 and 10 oranges are sold for 11. Find the gain or loss percentage ​

Answer 1

Answer:

$122.22$ %

Step-by-step explanation:

Let us say, the cost of each orange for which it was bought = x

11 × $x$ = ₹10

$x$ = $\frac{10}{11}$

$x = 0.9$

Let us say, the cost of each orange for which it was sold = y

10 × $y$ = ₹ 11

$y$ = $\frac{11}{10}$

$y$ = 1.1

Since the person sold at a price greater than what he bought. It is a gain.

$Gain percentage = \frac{Final}{Initial} * 100$

= $\frac{1.1}{0.9} * 100$

= $\frac{11}{9} * 100$

= $\frac{1100}{9}$

= $122.22$$%$ %