A man bought oranges at 5 for rs 20 and sold them at 6 for rs 30. Find his gain
or loss percent.
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Answer:
His gain percent is 25%
Step-by-step explanation:
Given;
C.P of 5 oranges= Rs.20
∴ C.P of 1 orange= 20/5= Rs.4
S.P of 6 oranges= Rs.30
S.P of 1 orange= 30/6= Rs.5
Since ,S.P >C.P
Profit= S.P- C.P
= 5 -4 = Rs.1
% profit = (profit / C.P)×100
= (1/4) ×100
=25%
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