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 ?



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 ?

A. 1427% gain

B. 1427% loss

C. 15% gain

D. 15 % loss

Answer : A . 1427% gain


Explanation:


    Cost Price (C.P) of 1 orange = Rs. 350/100
    = Rs. 3.50

    Selling Price (S.P) of 1 orange = Rs. 48/12
    = Rs. 4

    Gain % = ( 0.50 / 3.50 ) x 100 %
    = 100/7 %
    = 1427% gain


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