Profit and Loss - Arithmetic Aptitude Questions and Answers

Home / Arithmetic Aptitude / Profit and Loss :: Discussion

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

14 $\frac {2 } { 7 }$		% gain

15% gain

14 $\frac {2 } { 7 }$		% loss

15% loss

Answer : Option A

Explanation :

C.P. of 1 orange = Rs.	$[\frac { 350 } { 100 } ]$			= Rs. 3.50

S.P. of 1 orange = Rs. $[\frac { 48} {1 2 } ]$				= Rs. 4

Gain% =			$\frac { 0.50 } { 3.50 }$ x 100	%	=		$\frac { 100 } { 7}$ % = 14		$\frac { 2 } {7}$ %

Be The First To Comment

Comments

Name