Question

a person buys 120 oranges at 180 and sells 6 oranges for 10 find profit or loss percentage​

Answer 1

Answer:

By selling 120 oranges, a person gains a profit that is equal to the cost price of 20 oranges. What is his profit percentage?

4 Answers



Frank Robertson, Optimist. And an observer, interested in new points of view

Updated 2 years ago · Author has 558 answers and 738.4K answer views

your question :

By selling 120 oranges, a person gains a profit that is equal to the cost price of 20 oranges. What is his profit percentage?

.

this is all a matter of carefully writing up the problem.

let’s say that :

P is the sales price per orange

C is the cost per orange

M is the margin per orange

And we define profit percentage as M/P

.

So :

P = C + M

for 120 oranges,

120P = 120C + 120M

.

we are told that the profit for 120 oranges is 20 oranges,

therefore :

120M = 20P

now we can calculate M/P, by first dividing the above equation by 120, then by P:

M = (20/120)P

M/P = 20/120

so M/P = 1/6

and

M/P = 16.67%

.

now some (not so) fun facts :

The salesman is selling 120 oranges ; his profit margin is 20 oranges. Suppose 3 oranges get stolen, perhaps 5 others cannot be sold because they are rotten, 2 more fall on the ground and roll away ; all of a sudden the salesman has only 110 oranges to sell, but his cost remains the same; his profits all of a sudden went down from 20 to 10 oranges.

Profit margins can decrease real fast when some of the goods to be sold disappear.

Step-by-step explanation:

PLEASE MAKE ME BRAINLEAST

Answer 2

Answer:

Step-by-step explanation:

A person buys 120 oranges at 180

Then for each orange the cost is= 180/120=9/6=3/2= 1.5=CP

1.5 for each orange.

Then he sells 6 oranges for 10

Then the selling price for one orange is= 10/6= 5/3= 1.6666..

Then total price for 120 oranges is= $\frac{5}{3} X 120$

                                                       = 5X40                                          (120/3=40)

                                                  SP  = 200

The loss or profit= SP-CP

If the value is negative, then it is a loss

If the value is positive, then it is a profit.

200-180=20

It is a profit.

The percentage of profit= $\frac{CP}{100} X Profit$                          

= 180/100 X 20= 18/10 X 20 (Cutting the zeroes)= 18/1 X 2=18 X 2=36

Thus the answer is :

A Profit of 36%.