Question

A fruitseller buys 200 oranges for rs.1000.he sells rhe oranges at rs.54 per dozen. Find his gain or loss?

Answer 1

Find the cost of 1 orange:

200 oranges = Rs 1000

1 orange = 1000 ÷ 200 = Rs 5

Find the selling Price of 1 orange:

12 oranges = Rs 54

1 orange = 54 ÷ 12 = Rs 4.50

Find the profit / loss:

Since cost price is more than selling price, it is a loss

loss = cost price - selling price

loss = 5 - 4.5 = Rs 0.50

Find the loss percentage:

Loss percentage = loss/cost price x 100

Loss percentage = 0.5/5 x 100 = 10%

Answer: The oranges are sold at a loss of 10%. The loss per orange is Rs 0.50.