a vendor buys oranges at rs. 24 per dozen and sells them at 5 for rs. 15. find his profit and loss percent....
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Answer:
cost price of 12 oranges = ₹24
cost price of 1 orange = 24/12
= ₹2
selling price of 5 oranges = ₹15
selling price of 1 orange = 15/5
= ₹3
SP>CP, so there is a profit.
profit = SP-CP
= 3-2
=₹ 1
profit % = profit / CP × 100
= 1/2 × 100
= 50%
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Answer:
50%
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