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:
Answer: Option A
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C.P. of 1 orange = Rs. \(\left(\frac{350}{100}\right)\) = Rs. 3.50.
S.P. of 1 orange = Rs. \(\left(\frac{48}{12}\right)\) = Rs. 4
Gain% = \(\left(\frac{0.50}{3.550}\times100\right)\) % = \(\frac{100}{7}\) %= \(14\frac{2}{7}\) %
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