ABC26GN2602 · Profit and Loss
Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2008 · Marks: · Difficulty:
100 oranges are bought at the rate of ₹ 350 and sold at the rate of ₹ 48 per dozen. The percentage of profit or loss is
(a)$14 \frac{2}{7} \%$ gain
(b)15\% gain
(c)$14 \frac{2}{7} \%$ loss
(d)15\% loss
Answer
Explanation
C.P. of 1 orange $=₹\left(\frac{350}{100}\right)=₹ 3.50$. S.P. of 1 orange $$=₹\left(\frac{48}{12}\right)=₹ 4 .$$ ∴ Gain $\%=\left(\frac{0.50}{3.50} \times 100\right) \%=\frac{100}{7} \%=14 \frac{2}{7} \%$.
Explanation as extracted from the printed page; notation may be imperfect.
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