Question

8 oranges are bought for rs.80 and 3 oranges are sold for rs.36.find profit or loss in rs. and percentage​

Answer 1

Step-by-step explanation:

8 oranges are bought in =₹80

3 oranges are sold in =₹36

Cost of 1 orange when bought = 80/8=10

Cost of 1 orange when sold =36/3=12

Total money in which he has sold oranges =12*8=96

Total profit = 96-80=16

Answer 2

Concept:

Profit is the amount more than the cost price which we receive after selling something.

Given:

Cost Price of 8 oranges = Rs. 80

The selling price of 3 oranges = Rs. 36

Find:  

We are asked to seek out the profit or loss in Rs. and percentage​.

Solution:

Cost Price of 8 oranges = Rs. 80

So,

Cost Price of 1 orange = 80 / 8 = Rs. 10

Now,

The selling price of 3 oranges = Rs. 36

The selling price of 1 orange = 36 / 3 = Rs. 12

So,

The selling price of 8 oranges = Rs. 12 × 8 = Rs. 96

And,

Profit = Selling Price - Cost Price

So,

Profit = 96 - 80 = 16

Now,

Profit percentage = (16/80) × 100 = 20%

Hence we can say that the profit is Rs. 16 and the percentage is 20%.

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