A man buys apples at a certain price per dozen and sells them at 8 times that price per hundred What...........

Quantitative Aptitude Profit and loss

A man buys apples at a certain price per dozen and sells them at 8 times that price per hundred. What percentage does he gain or lose?

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EPFO APFC (2015)

4% profit

6% profit

4% loss

6% loss

Let's break down the calculation:

- Assume the cost price per dozen apples is Rs. x.

- Thus, the cost price per apple = Rs. x/12.

- Selling price per hundred apples is 8 times the cost price per dozen.

- Selling price for one apple = 8x/100 = x/12.5.

- Comparison:

- Cost price per apple = x/12

- Selling price per apple = x/12.5

Since x/12.5 < x/12, it indicates a loss.

- Loss calculation:

- Loss per apple = x/12 - x/12.5 = x/300

- Loss percentage = (x/300) / (x/12) × 100 = 4%

The correct option is:

Option 3: 4% loss

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