a fruit seller purchased 6 oranges for a rupee and sold them at rs 2.50 per dozen,find his gain % or loss%
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Answer:
the gain percentage is 15 percent because sp is greater than cp
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The fruit seller's gain% is 24.5%
It is given that the fruit seller purchased 6 oranges for Rs 1.
So, CP of 1 orange = Rs (1/6) = Rs 0.167
Again, the seller sells them at Rs 2.50 per dozen.
So, SP of 12 oranges = Rs 2.50
Thus, SP of 1 orange = Rs (2.50/12) = Rs 0.208
Since the SP of 1 orange > CP of 1 orange so the sellers earns profit.
Profit value = SP - CP
= Rs (0.208-0.167)
= Rs 0.041
We know, Profit% = [(Profit/CP) * 100]%
= (0.041/0.167)*100%
= 24.5%
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