A man purchase five oranges for Rs.4 and sold
them at the rate of 4 oranges for Rs.5, The profitis
A. 30.25%
B. 40%
C. 44.25%
D. 56.25%
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Answer:
Step-by-step explanation:
The question is a bit tricky because he bought 3 oranges but sold 4, which means he already had at least 1 orange before (and we don't know how much he paid for it, or if he gre it himself, or if it was a gift, or if he found it, or if it's a fake orange, or…).
To keep it simple: he paid 4 rupees for 3 oranges, therefore the price per orange was 4 / 3 = 1,3333… rupees.
Then he got 6 rupees for 4 oranges, thus the price per orange was 6 / 4 = 1,5 rupees.
Now comparing the prices:
Purchase price = 1,3333… = 1+1/3 = 1+2/6 = 8/6 rupees
Sale price = 1,5 = 1+3/6 = 9/6 rupees
That means the sale price was 1/8 higher than the purchase price, which means he had a gain margin of 12,5%.
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