If oranges are bought at 11 for rs 30 and sold it for 10 at rs 31,find the loss or gain percent?
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330-310 = 20 gain.........
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Cost price of 11 oranges is rs.30.
so,1 orange will cost rs.30/11...or 2.8 approx.
Selling price of 10 oranges is rs.31.
so,selling price of 1 orange will be rs.31/10 or 3.1.
now,selling price is greater than the cost price....so here is a profit of 3 paise....or 0.3 rupees.
profit %= profit/cost price ×100.
or,profit % =0.3/2.8×100
=10.71...
thus,profit%= 10.71 % approx.
so,1 orange will cost rs.30/11...or 2.8 approx.
Selling price of 10 oranges is rs.31.
so,selling price of 1 orange will be rs.31/10 or 3.1.
now,selling price is greater than the cost price....so here is a profit of 3 paise....or 0.3 rupees.
profit %= profit/cost price ×100.
or,profit % =0.3/2.8×100
=10.71...
thus,profit%= 10.71 % approx.
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