150 oranges are bought for Rs. 400 and sold at the rate of Rs. 72 per dozen. The percentage of profi

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14 Aug 2019 Profit & Loss

150 oranges are bought for Rs. 400 and sold at the rate of Rs. 72 per dozen. The percentage of profit or loss is:

OPtion

1) 125%
2) 12.5%
3) 130%
4) 120%
5) 13.0%
6) 12.0%
7) 122.5%
8) 112.5%
9) 115%
10) None of these

Solution

CP of 1 orange = Rs 400/150 = 2.67
SP of 1 orange = Rs 72/12 = Rs. 6
Profit = 3.33
% profit = 100* 3.33/2.67 = 125%

Correct Option: 1 Best Solution (0)