Question

A vendor bought 6 oranges for Re 10 and sold them at 4 for Re 6. Find his loss or gain percent.

Answer 1

The correct answer is 10% loss.

Given: Bought 6 oranges for Rs.10 &

Sold them at 4 oranges for Rs.6.

To Find: The loss or gain percent.

Solution:

Cost price of 6 oranges = Rs.10

Cost price of 1 oranges = Rs $\frac{10}{6}$ = Rs $\frac{5}{3}$

Selling price of 4 oranges= Rs.6

Selling price of 1 oranges= Rs  $\frac{6}{4}$ = Rs $\frac{3}{2}$

Using the formula of the loss:

Loss= Cost price - selling price

$Loss=\frac{5}{3}-\frac{3}{2}$

Loss = Rs $\frac{1}{6}$

Loss % = $\frac{Loss*100}{Cost price}$

= $\frac{\frac{1}{6}*100 }{\frac{5}{3} }$

Loss = 10%.

Hence, the loss% is 10%.

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Answer 2

Answer:

The Loss Percent for the Vendor is 40%

Step-by-step explanation:

Given,

Total number of oranges bought by the Vendor = 6

Cost Price of orange = 10

Selling Price of orange = 6

Since the Cost Price is greater than the Selling Price, Hence the Vendor has had a loss.

Loss = Cost Price - Selling Price

Loss = 10 - 6 = 4

Loss Percent = (Loss * 100) / Cost Price

Loss Percent = (4 * 100) / 10 = 40%

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