Orange are bought at 7 for ₹3,l. At what rate per hundred must they've sold to gain 33%?
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Cost Price of 7 Oranges = Rs. 3
Cost Price of 1 Orange = Rs. 3/7
Cost Price of 100 Oranges = Rs. 3/7 x 100
We know that
SP = CP x (100 + Gain) / 100
SP = 300/7 x (100 + 33)/100
SP = 300 x 133 / 7 x 100
SP = 3 x 19
SP = Rs. 57
So, orange must be sold Rs. 57 per hundered to gain 33% profit.
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