Question

a fruit seller bought oranges at the rate of 6 for ₹8 and sold them them at the rate of 8 for ₹ 14. find his gain or loss percent. ​

Answer 1

Answer:

Given:

⠀⠀⠀⠀⠀⠀⠀⠀⠀

▪︎Cost price(C.P.) of 6 orange = ₹8

▪︎Selling price(S.P.) of 8 orange = ₹14

⠀⠀⠀⠀⠀⠀⠀⠀⠀

To Find:

⠀⠀⠀⠀⠀⠀⠀⠀⠀

▪︎Gain or loss percent

⠀⠀⠀⠀⠀⠀⠀⠀⠀

Solution:

⠀⠀⠀⠀⠀⠀⠀⠀⠀

C.P. of 1 orange = $\frac{8}{6}$ = ₹$\frac{4}{3}$ = ₹1.3333= ₹1.34

S.P. of 1 orange = $\frac{14}{8}$ = ₹$\frac{7}{4}$ = ₹1.75

⠀⠀⠀⠀⠀⠀⠀⠀⠀

Here, S.P. > C.P.

So, here is profit

⠀⠀⠀⠀⠀⠀⠀⠀⠀

Profit = S.P. - C.P.

= 1.75 - 1.34

= ₹0.41

⠀⠀⠀⠀⠀⠀⠀⠀⠀

Profit % = $\frac{Profit}{C.P.}×100$%

= $\frac{0.41}{1.34}×100$%

= $\frac{41}{1.34}×100$%

= 30.5974..

= 30.6%(Approx.)

⠀⠀⠀⠀⠀⠀⠀⠀⠀

Formula to be remembered:

⠀⠀⠀⠀⠀⠀⠀⠀⠀

▪︎If C.P. > S.P. , Here is Profit.

▪︎If S.P. > C.P. , Here is Loss.

▪︎Profit = S.P. - C.P.

▪︎Loss = C.P. - S.P.

▪︎Profit % = $(\frac{Profit}{C.P.}×100)$%

▪︎Loss % = $(\frac{Loss}{C.P.}×100)$%