oranges are bought at 6 for ₹20 and sold at 4 for ₹18. find gain or loss percent
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Cost price of 6 oranges = Rs 20
Cost price of 1 orange = Rs 20/6
Sold price or selling price of 4 oranges = Rs 18
Sold price of 1 orange = Rs 18/4
= Rs 18/4 - 20/6
= Rs 7/6
Profit percentage or you can say gain percent = Percentage /cost price× 100(its formula)
=7/6/20/6×100
=7×6/20×7×100
=35%is the profit
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