Discussion :: Profit and Loss
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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:
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 | |||
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\(\frac { 0.50 } { 3.50 } \)x 100 | ![]() |
= | \(\frac { 100 } { 7}\)% = 14 | \(\frac { 2 } {7}\)% | |||
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