If a man lost 4% by selling oranges at the rate of 12 a rupee at how many a rupee must he sell them to gain 44%?
Correct answer: B. 8
- A. 7
- B. 8
- C. 9
- D. 10
Explanation
At 12 oranges per rupee, the selling price of one orange is Rs.1/12. A 4% loss means CP = (Rs.1/12)/0.96, and the required selling price for a 44% gain is 1.44 x CP = 1.44/0.96 x Rs.1/12 = Rs.1/8, which means 8 oranges per rupee. Students often choose c by adding 4% and 44% directly rather than comparing both selling prices with the same cost price.
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About Profit and Loss
Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.
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