One hundred oranges are purchased for Rs. 350 and sold for Rs. 48 a dozen. The profit or loss proportion is:
A. gain of 14 2/7 percent
B. An increase of 15%
C. 14 2 /7 percent reduction
D. a 15% reduction
Answer:A
One hundred oranges are purchased for Rs. 350 and sold for Rs. 48 a dozen. The profit or loss proportion is:
A. gain of 14 2/7 percent B. An increase of 15% C. 14 2 /7 percent reduction D. a 15% reduction
Explanation: 1 orange's C.P. = Rs. 350/100 = Rs. 3.50.1 orange's S.P. = Rs. 48 /12 = Rs. 4.Gain percentage = 0.50/3.50 x 100% = 100/7 percent = 14 2/7 percent.