fruit vendor buy orange at 6 for rupee 10 and an equal number at 10 for rupee 20.He mixes than and sell at rupee 21.60 per dozen. Find his gain or loss per cent.
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Solution :
We know that, at first he bought 6 oranges and then 10 oranges.
- ∴ There are (6 + 10) = 16 oranges.
Cost Price :
⟹ Cost price of 6 oranges = Rs. 10
⟹ Cost price of 10 oranges = Rs. 20
⟹ ∴ Cost price of 16 oranges = (Rs. 10 + Rs.20) = Rs. 30
⟹ Then, Cost price of 1 orange will be = 16 / 30 = Rs. 1.87
Selling Price :
⟹ He sold 1 dozen for Rs. 21.60.
⟹ 1 Dozen = 12 oranges
⟹ Selling price of 12 oranges = Rs. 21.60
⟹ ∴ Selling price of 1 orange will be = 12 / 21.60 = Rs. 1.8
Comparing both :
- Cost price of 1 orange = Rs. 1.87
- Selling price of 1 orange = Rs. 1.8
∴ It is a Loss.
Finding Loss :
⟹ Loss = Cost price - Selling price
⟹ 1.87 - 1.8
⟹ 0.07
Finding Loss % :
⟹ Loss % = Loss × 100 / cost price
⟹ 0.07 × 100 / 1.87
⟹ 4 %
- ∴ The Loss % = 4 %
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