888 Oranges are bought for Rs. 2424 and sold at the rate of Rs. 18 per half dozen. The percentage of

M4maths Previous Puzzles

20 Feb 2020 Profit and Loss

888 Oranges are bought for Rs. 2424 and sold at the rate of Rs. 18 per half dozen. The percentage of profit or loss is:

OPtion

1) 13.89 % Profit
2) 12.89 % Loss
3) 11.89 % Profit
4) 10.89 % Profit
5) 9.09 % Profit
6) 8.89 % Profit
7) 7.89 % Profit
8) 9.89 % Profit
9) 5.89 % Profit
10) None of these

Solution

Cost of 1 Orange = 2424/888 = 2.73
Selling price of 1 Orange = 18/6 = Rs. 3

As SP > CP so its profit
So Profit % = (3.00 - 2.73 )*100/2.73 = 9. 89%

Option 8)

Correct Option: 8 Best Solution (4)