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100 oranges are bought for Rs.350/- and sold at the rate of Rs.48 per dozen. The percentage profit or loss is?

Question

100 oranges are bought for Rs.350/- and sold at the rate of Rs.48 per dozen. The percentage profit or loss is?

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Solution

To calculate the percentage profit or loss, we need to determine the cost price and the selling price.

Step 1: Calculate the cost price per orange. The cost of 100 oranges is Rs. 350/-. Therefore, the cost price per orange is Rs. 350/100 = Rs. 3.50.

Step 2: Calculate the selling price per orange. The selling price per dozen is Rs. 48. Since there are 12 oranges in a dozen, the selling price per orange is Rs. 48/12 = Rs. 4.

Step 3: Calculate the profit or loss per orange. Profit or loss per orange = Selling price per orange - Cost price per orange Profit or loss per orange = Rs. 4 - Rs. 3.50 = Rs. 0.50

Step 4: Calculate the total profit or loss. Total profit or loss = Profit or loss per orange * Number of oranges Total profit or loss = Rs. 0.50 * 100 = Rs. 50

Step 5: Calculate the percentage profit or loss. Percentage profit or loss = (Total profit or loss / Cost price) * 100 Percentage profit or loss = (Rs. 50 / Rs. 350) * 100 = 14.29%

Therefore, the percentage profit or loss is 14.29%.

This problem has been solved

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