Apples were purchased at 100 for Rs.350 and sold at Rs.48 a dozen. What is the profit or loss percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Profit 14%
We have given,
CP of the 100 apple = 350
SP of 12 apple = 48
Quantity : Rs
6 × (100 : 350)
50 × (12 : 48)
=
CP = 600 : 2100
SP = 600 : 2400
Profit percentage = (2400 - 2100)/2100 × 100 = 300/21 = 14%