Question

A vendor purchased 1000 oranges for 2 each.Of these 150 got spoiled. If he sold the rest for Rs 2.50 each, find his gain or loss percentage in the whole transaction.

Answer 1

There are 1000 oranges in which 150 were spoiled,
1000-150=850.
So, cost price is ,
1000×2=2000
And, selling price is,
850×2.5=2125
So, profit is, 2125-2000=125

And, profit percentage is,
125/2000×100= 6.25

So, therefore, the vendor had profit of 6.25%