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)

$$\eqalign{ & {\text{Cost Price}} = \frac{{350}}{{100}} = 3.50 \cr & {\text{Sale Price}} = \frac{{48}}{{12}} = 4 \cr & {\text{Profit}} = 0.50 \cr & {\text{Profit }}\% = \frac{{0.50}}{{3.50}} \times 100 = \frac{{100}}{7} = 14\frac{2}{7}\% \cr} $$