Question

Niklaus Mikaelson buys some daggers at the rate of 4 for a dollar and an equal number at the rate of 5 for a dollar. He sells the whole lot at 9 for 2 dollars. Find his gain or loss percent.

Answer 1

Answer:

Simple Method:

Since equal number of oranges are bought for 4 for₹10 and 5 for ₹10, the average price of all the oranges= (10/4 +10/5)/2

=(2.5+2)/2

Cost Price= ₹2.25= ₹9/4

Sale Price=₹ 20/9.

So Loss= ₹(9/4)-(20/9) per orange

= ₹ (81–80)/36

= 1/36.

Loss % = 1/36 x100

Loss % = 100/36= 2.77778%

Step-by-step explanation:

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