A shopkeeper bought 288 oranges for Rs. 115.20. He sold 50 of them at 70 paise each and the remaining sold at Rs. 46.20. Find his profit or loss.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Loss, Rs. 34.
The shopkeeper bought 288 oranges for Rs. 115.20.
Therefore,
C.P. per orange = 115.20/288 = 0.4 Rs.
The shopkeeper sold 50 oranges at 70 paise
S.P. for 50 oranges = 50 × 0.70 = 35 Rs.
The shopkeeper sold the remaining 238 oranges for Rs. 46.20.
Total S.P. = 35 + 46.20 = 81.20 Rs.
Profit or Loss = Total S.P. − Total C.P. = 81.20 − 115.20 = −34 Rs.
The shopkeeper incurred a loss of Rs. 34.