Profit and Loss - Arithmetic Aptitude Questions and Answers

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100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

14 \(\frac {2 } { 7 } \)		% gain

15% gain

14\(\frac {2 } { 7 } \)		% loss

15% loss

Answer : Option A

Explanation :

C.P. of 1 orange = Rs.	\([\frac { 350 } { 100 } ]\)			= Rs. 3.50

S.P. of 1 orange = Rs.\([\frac { 48} {1 2 } ]\)				= Rs. 4

Gain% =			\(\frac { 0.50 } { 3.50 } \)x 100	%	=		\(\frac { 100 } { 7}\)% = 14		\(\frac { 2 } {7}\)%

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