100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per

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Question
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:
Options
A. 14 ²⁄₇% gain
B. 15% gain
C. 14 ²⁄₇% loss
D. 15 % loss

Correct Answer

14 ²⁄₇% gain

Explanation

C.P. of 1 orange = Rs.	❨	350	❩	= Rs. 3.50
		100

S.P. of 1 orange = Rs.	❨	48	❩	= Rs. 4
		12

∴ Gain% =	❨	0.50	x 100	❩%	=	100	% = 14	2	%
		3.50				7		7

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