A fruitseller buys oranges at the rate of 5 for 8 and sells this
5. Find the profit or loss on selling one orange. Also, find the
loss %
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Reworded Question: A fruit seller buys oranges at 4 for Rs3 and sells them at 3 for rupees 4 find its profit percent.
Answer: CP of 4 oranges = Rs3
CP of 1 orange = 3/4 = 0.75
SP of 3 oranges = Rs4
SP of 1 orange = 4/3 = 1.33
Profit = 1.33 - 0.75 = 0.58
Profit in percent = 0.58/0.75 x 100 = 77.33%
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