100 oranges are bought for Rs.350/- and sold at the rate of Rs.48 per dozen. The percentage profit or loss is?
Question
Solution 1
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.
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