Boby bought oranges at Rs 60 a dozen. He had to sell them at a loss of 5%. Find the selling price of one orange.
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Answer:
₹4.75
Step-by-step explanation:
1 dozen oranges = 12 oranges
CP of 12 oranges = ₹60
CP of 1 orange = ₹60 ÷ 12 = ₹5
Loss = 5% = 5/100 × ₹5 = ₹0.25
SP of 1 orange = ₹5 - ₹0.25 = ₹4.75
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