Akram bought 480 oranges for rupees 96 a dozen. He sold 250 of them at rupees 8 each and the remaining at rupees 6. Find his gain or loss
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Step-by-step explanation:
No of oranges = 480
Cost of 1 orange = 96/12 = 8
Total Cost price = 480 × 8 = 3840
Total selling price of oranges = 250 × 8 + 230 × 6 = 3380
As SP< CP it is a loss
Loss = cp-sp = 460
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