A fruitseller bought 400 oranges for 120 a score. He found that 50 oranges were rotten. He sold the remaining oranges for 5. Find his profit or loss percentage.
Answers
Loss % is about 27.083 if bought 400 oranges for 120 a score , 50 got rotten and remaining sold for 5 each.
Given:
- bought 400 oranges for 120 a score
- 50 oranges were rotten.
- sold the remaining oranges for 5
To Find:
- profit or loss percentage
Solution:
"Score is a group of 20"
Step 1:
Bought a score ( 20) for 120 hence find cost of 1 orange
20 oranges cost = 120
1 orange cost = 120/20 = 6
Step 2:
Multiply with 400 to get cost of 400 oranges
400 x 6 = 2400
Step 3:
Subtract 50 rotten oranges from 400 to get oranges available for sell
400 -50 = 350
Step 4:
Multiply 5 with 350 to get to find total amount received
350 x 5 = 1750
Step 5:
As Selling price 1750 is less than cost price hence loss.
Subtract selling price from Cost price to get loss
Loss = 2400 - 1750 = 650
Step 6:
Calculate loss percentage by Dividing loss with cost price and multiplying by 100
Loss % = (650/2400) * 100
Loss % ≈ 27.083
Loss % is about 27.083 if bought 400 oranges for 120 a score , 50 got rotten and remaining sold for 5 each.