Oranges are bought at 6 for 20 /- and sold at 4 for 18 /- . Find the gain or loss.
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Answer:
sp=b, cp=a,profit%=b^2-à ^2 /a^2
20^2-18^2/18^2 x loo
= 76xloo / 324=23.45 %profit
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Cost price of 6 oranges = Rs. 20
Cost price of 1 orange = Rs. 20/6
Selling price of 4 oranges = Rs. 18
Selling price of 1 orange = Rs. 18/4
We can see that there is a Gain.
So, Gain = Selling price - Cost price
= Rs. 18/4 - Rs. 20/6
= Rs. 7/6
Gain percent ( % ) = Gain/Cost price×100
= 7/6/20/6×100
= 7×6/20×6×100
= 35%
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