a shopkeeper purchased ten dozen orange at Rs 20 a dozen and sold them Rs 1.60 per orange . Find his profit or loss . Also calculate it as percentage .
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0
Answer:
neither loss nor profit as in the whole transaction price of orange is same as 1.6
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2
Answer:
Given,
price of 1 orange dozen=20
no. of orange dozen purchase=10
total no. of orange purchase=12×10=120
total price= RS 20×10=200
price per orange sold again by the shopkeeper=1.60
price of all the 200 oranges =1.60×200=320
the shopkeeper made a profit of 120
profit%= 120/320 ×199=9.99%
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