A vendor bought oranges at 20 for $ 56 and sold them at $ 35 per dozen. Find his gain or loss per cent.
Answers
Answer:
your answer is here !
Step-by-step explanation:
LCM of 20 and 12 = (4 × 5 × 3) = 60.
Let the number of oranges bought be 60.
CP of 20 oranges = $ 56
CP of 1 orange = $ (56 / 20)
CP of 60 oranges = $ [(56 / 20) × 60] = $ 168
SP of 12 oranges = $ 35
SP of 1 orange = $ [(35 / 12) × 60] = $ 175
Therefore, CP = $ 168 and SP = $ 175.
Since, (SP) > (CP), the vendor gains.
Gain = $ (175 - 168) = $ 7.
Gain % = [(gain / CP) × 100] %
= [(7 / 168) × 100] %
= 25 / 6 %
= 4 ¹/₆ %
follow me !
Step-by-step explanation:
Orange bought 20 for Rs 56/-
Therefore CP of one orange = 56/20
CP of one dozen orange = 56*12/20 = 33.6
SP of one dozen orange = Rs 35
As SP is more than CP it is a gain
Gain % =(35-33.6)/35 * 100% = 1.4/35 *100%
Gain % = 4%