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
