A fruit seller purchased 60 oranges at
the rate of 12 oranges for? 10. He sold
them 10 oranges for 12. Find how much
profit or loss did he make? [N.V-1990]
Answers
Answer:
Purchase rate = 10x5 = 50Selling rate = 12x6 = 72Profit = 22/50 x 100 = 44%
Answer:
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Step-by-step explanation:
A fruit seller buys some oranges at the rate of 4 for Rs 10
Each orange cost = ₹10/4 = ₹2.50
x number of oranges cost = ₹2 50 × x = ₹2 50x
and an equal number more at 5 for Rs 10.
Each orange cost = ₹10/5 = ₹2
Again x number of oranges cost = ₹2 × x = ₹2x
Total cost = ₹2.50x + ₹2x = ₹4.50x
Total oranges = x + x = 2x
Average cost of each orange = ₹4.50x/2x = ₹2.25
He sells the whole lot at 9 for Rs 20
Sale price of each orange = ₹20/9 = ₹2.22222
Cost price of each orange is more than its sale price therefore there is loss on the sale of oranges
Loss = cost price - sale price
Loss on each orange = ₹2.25 - ₹2.22222 = ₹0.02778
There is loss of ₹0.02778 on each orange thus on 100 oranges there is loss as below
Percentage loss = 0.02778 × 100
= 2.778% loss.