Question
Download Solution PDFApples were purchased at 100 for Rs.350 and sold at Rs.48 a dozen. What is the profit or loss percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
CP of 100 apples = Rs 350
SP of 1 dozen apples = Rs 48
Concept Used:
Gain Percentage =
Calculation:
⇒ SP of 12 apples = Rs 48
⇒ So, SP of 1 apple =
⇒ SP of 100 apples = Rs 400
As can be seen, SP > CP.
⇒ Gain = 400 – 350 = Rs 50
⇒ Profit Percentage =
Therefore, the profit percentage is 14
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