Knowee
Questions
Features
Study Tools

By selling 100 oranges, a vendor gains the selling price of 20 oranges. His gain percent is: 20 25 30 32

Question

By selling 100 oranges, a vendor gains the selling price of 20 oranges. His gain percent is:

  • 20
  • 25
  • 30
  • 32
🧐 Not the exact question you are looking for?Go ask a question

Solution

The gain percent can be calculated using the formula:

Gain % = (Gain / Cost Price) * 100

Here, the gain is equal to the selling price of 20 oranges.

Let's assume the cost price of 1 orange is 1.Therefore,thecostpriceof100orangesis1. Therefore, the cost price of 100 oranges is 100.

The vendor gains the selling price of 20 oranges by selling 100 oranges. So, the selling price of 100 oranges is 100(costprice)+100 (cost price) + 20 (gain) = $120.

Therefore, the gain is $20.

Substituting these values into the formula:

Gain % = (20 / 100) * 100 = 20%

So, the vendor's gain percent is 20%.

This problem has been solved

Similar Questions

A man buy 20 oranges for Rs.15 and sells them at 15 oranges for Rs.18.Find his profit (or) loss percent?20%40%60%70%

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

The C.P of 18 oranges is the same as the S.P of 15 oranges.Find the percentage gain?5%10%15%20%

A fruit vendor buys apples at the rate of 10 for 100. How many should he sell for 100, so that he makes a profit of 25% ?Options8657

By selling 150 mangoes, a fruit-seller gains the selling price of 30 mangoes. Find the gain percent

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.