oranges are bought at 100 for ₹80 and all of them are sold at 80 for ₹100. find the loss or gain percent in transaction.
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Step-by-step explanation:
∵ C.P. of one orange = ₹80/100
= ₹0.8
And S.P. of one orange = ₹100/80
= ₹1.25
Clearly, profit = ₹1.25 - ₹0.8
= ₹0.45
And profit% = ₹0.45/0.8 × 100
= 45/8 × (100 × 10)/100
= 450/8
= 56.25%
∴ Profit% = 56.25%
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