A shopkeeper buys 15 oranges for Rs 21 and sells them at 20 oranges for Rs 25. find his gain or loss percentage.
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There is loss of 10.71%.
Step-by-step explanation:
Since we have given that
Number of oranges bought = 15
Cost price = Rs. 21
Cost price of each orange is given by
Number of oranges sold = 20
Selling price = Rs. 25
Selling price of each orange would be
So, There will be loss and loss would be
So, Loss percentage would be
Hence, there is loss of 10.71%.
# learn more:
A man buys oranges at the rate of 20 for rs 60 and sell them at the rate of 15 for rs 60 find the gain percentage
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