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Apples were purchased at 100 for Rs 350 and sold at...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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Apples were purchased at 100 for Rs. 350 and sold at Rs. 48 a dozen. What is the profit or loss percentage?

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