Apples were purchased at 100 for Rs. 350 and sold at Rs. 48 a dozen. What is the profit or loss percentage?
A. Profit $$14\frac{2}{7}\% $$
B. Loss $$18\frac{3}{5}\% $$
C. Loss 10%
D. Profit 12%
Answer: Option A
Solution (By Examveda Team)
$$\eqalign{ & {\text{Cost Price}} = \frac{{350}}{{100}} = 3.50 \cr & {\text{Sale Price}} = \frac{{48}}{{12}} = 4 \cr & {\text{Profit}} = 0.50 \cr & {\text{Profit }}\% = \frac{{0.50}}{{3.50}} \times 100 = \frac{{100}}{7} = 14\frac{2}{7}\% \cr} $$This Question Belongs to Arithmetic Ability >> Profit And Loss
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