Question

A vendor bought oranges at 20 for $ 56 and sold them at $ 35 per dozen. Find his gain or loss per cent.
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Answer 1

Answer:

The profit percent earned by the vendor = 4.17%.

Step-by-step explanation:

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 %

Answer 2

Step-by-step explanation:

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