Question

A fruit seller bought oranges for rs 48 a dozen and sold them for rs 5 each.

i)find his gain or loss ii)find his gain or loss percent

Answer 1

12 and 25%

Explanation:

The cost price of oranges (C.P)=Rs48

The selling price of oranges (S.P)= 12×5=60

Since S.P is more than C.P

Profit =Rs60-Rs48=Rs12

Profit%= Profit/C.P ×100%

12/48×100% = 25%