a vendor bought orange at 20 for rs. 56 and sold them at rs. 35 per dozen . Find his gain or loss per cent
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Step-by-step explanation:
The profit percent earned by the vendor = 4.17%.
The total cost price of the 20 oranges bought by the vendor = Rs. 56
The selling price of 12(dozen) oranges = 35
The selling price of 20 oranges = 35/12 × 20
= Rs. 58.33
Seeling price is greater than cost price , the vendor earns a profit .
Profit = selling price - cost price
= 58.33 - 56
= Rs. 2.33
Profit% = (profit / cost price) × 100
= (2.33/56) × 100
= 4.17 %
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