Mahesh purchased 2000 oranges for rs 2000. Out of 2000 oranges, 10 oranges were rotten. He sold the remaining oranges at the rate of rs 1.10 per orange. Find the total profit or loss and its percentage.
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Answer:
Total no. of oranges = 2000
Cost price of oranges = Rs.2000
No. of oranges sold = 2000 - 10 = 1990
Selling price of 1 orange = Rs. 1.10
Selling price of 1990 oranges = 1.10 × 1990
= Rs.2189
Profit = Selling price- Cost price
= 2189 - 2000
= Rs. 189
Profit % = Profit/ Cost price × 100
= 189/2000 × 100
= 9.45 %
= 9.5 % ( Approx )
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