Question

A man buys oranges at 9 for rs. 1.60 and sells them at 11 for rs. 2. what is s gain or loss percent

Answer 1

The profit percentage of oranges is 2.27%.

Solution:

Cost price of 9 oranges = (9 * 11 * 1.60)/9 = (99 * 1.60)/9 = Rs. 17.6

Selling Price of 11 oranges = (9 * 11 * 2)/11 = (99 * 2)/11 = Rs. 18

Profit percentage = ((SP - CP)/CP) * 100

Profit percentage of orange = ((18 - 17.6)/17.6) * 100 = 2.27%

The profit percentage is 2.27%.

Answer 2

The Gain and Loss percentage is 2.26%

Step-by-step explanation:

NOTE : CP means Cost price

           SP means Selling price

C.P. of 9 oranges = ₹1.60

C.P. of 1 orange    = ₹1.60/9

                              = ₹0.177

S.P. of 11 oranges   = ₹2

S.P. of 1 orange    = ₹2/11

                              = ₹0.181

Since, CP < SP

Thus, there is a profit

Profit = SP - CP

        = ₹(0.181 - 0.177)

        = ₹ 0.004

FORMULA Profit % = (profit / C.P.) ×100

Profit % = (0.004/0.177) × 100

Profit % = 2.259

Profit % = 2.26 %

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