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### Discussion :: Profit and Loss

1.  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:
2. A.
 14 $$\frac {2 } { 7 }$$ % gain
B.

15% gain

C.
 14$$\frac {2 } { 7 }$$ % loss
D.

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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