100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:
Correct answer: A. 14 2/7 % gain
- A. 14 2/7 % gain
- B. 15 % gain
- C. 14 2/7 % loss
- D. 15 % loss
Explanation
Cost price of 1 orange = Rs (350/100)=3.50 Selling price of 1 orange= (48/12)=4 Gain % = (0.5/3.5 x 100) % = 100/7 % = 14 2/7% Option A: Cost price of 1 orange = Rs (350/100)=3.50 Selling price of 1 orange= (48/12)=4 Gain % = (0.5/3.5 x 100) % = 100/7 % = 14 2/7%
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