Question

A fruitseller buys 200 oranges for $1000.He sells the oranges at $54 per dozen.Find his gain or loss.

Answer 1

(CP is for Cost Price, SP is for Selling Price)

CP of 200 oranges = $1000

CP of 1 orange = 1000/200 = $5

CP of 1 dozen oranges (12 oranges) = 5 x 12 = $60

SP of 1 dozen oranges (12 oranges) = $54

Loss = 60-54 = $6 (Answer)