Multiple Choice Questions on 100 oranges are bought at the rate of 350 and sold at the rate of 48 per dozen The percentage profit........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

100 oranges are bought at the rate of 350 and sold at the rate of 48 per dozen The percentage profit...........

Quant (SSC) Profit and loss
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    100 oranges are bought at the rate of ? 350 and sold at the rate of ? 48 per dozen. The percentage profit or loss is

    14 2/7% profit

    Correct Answer

    15% profit

    Incorrect Answer

    14 2/7% loss

    Incorrect Answer

    15% loss

    Incorrect Answer
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    Explanation:

    CP of 1 orange = (350/100) = 3.5
    SP of 1 orange = (48/12) = 4
    ∴  Profit = 4 – 3.5 = ? 0.5
    Now,  Profit % = 0.5 /3.5 x 100
    = 100/7 = 14 2/7%

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