Question

A man buys oranges at rs 2.5 a score and sells at rs 15 per hundred. What is his gain or loss percentage? Hint:1 score =20

Answer 1

Gain percentage is 100%.

• Buying(Cost) price of the oranges = Rs. 2.5 per score(1 score = 20 oranges)
• Buying price(Cost) of the oranges per hundred = Rs. $\frac{2.5}{20}$ × 100 = 7.5
• Selling price of the oranges per hundred = Rs. 15
• As the selling price is higher than the cost price, the man gains a profit.Profit = selling price - cost price = 15 - 7.5 = 7.5
• Profit(gain) percentage = $\frac{Profit}{Cost price}$ × 100
• Profit(gain) percentage = $\frac{7.5}{7.5}$ × 100
• Profit(gain) percentage = 100%