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