A trader buys 100 oranges for rupees 350 and sells at rupees 40 a dozen. What is his actual profit or loss? Calculate his profit or loss per cent
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cp for 1 orange=(350/100)₹3.5/orange
or sp for 1 orange =(40/12)₹3.3
so, loss%=(3.5-3.3/3.5×100)5.7(approx)
or sp for 1 orange =(40/12)₹3.3
so, loss%=(3.5-3.3/3.5×100)5.7(approx)
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