A vendor brought oranges at 20 for 56 and sold them at rs 35 per dozen. find his gain or loss percent.
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No of oranges bought by vendor : 20
Cost of 20 oranges : Rs.56
SP of one dozen (12oranges) = 35
SP of 1 orange = 35/12 = 2.92
Selling price of 20 oranges = 2.92×20 = 58.4
gain overall = Sp-cp
gain overall = 58.4-56 = 2.4
g% = g/cp×100
= 2.4/56×100
= 2.4×10/56×10*100
= 24/560*100
g% = 30/7%
(convert to mixed fraction )
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