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:
A. $$14\frac{2}{7}$$% gain
B. 15% gain
C. $$14\frac{2}{7}$$% loss
D. 15% loss
E. None of these
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & {\text{C}}{\text{.P}}{\text{.}}\,{\text{of}}\,{\text{1}}\,{\text{orange}}\, \cr & = Rs.\,\left( {\frac{{350}}{{100}}} \right) = Rs.\,3.50 \cr & {\text{S}}{\text{.P}}{\text{.}}\,{\text{of}}\,{\text{1}}\,{\text{orange}} \cr & = Rs.\,\left( {\frac{{48}}{{12}}} \right) = Rs.\,4 \cr & \therefore {\text{Gain}}\% = \left( {\frac{{0.50}}{{3.50}} \times 100} \right)\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{100}}{7}\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 14\frac{2}{7}\% \cr} $$Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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