A man purchases some oranges at the rate of 3 oranges for Rs.40 and the same quantity at 5 oranges for Rs.60. If he sells all the oranges at the rate of 3 for Rs.50, find his gain or loss percent (to the nearest integer)?Options32% Profit34% Loss31% Profit31% Loss
Question
A man purchases some oranges at the rate of 3 oranges for Rs.40 and the same quantity at 5 oranges for Rs.60. If he sells all the oranges at the rate of 3 for Rs.50, find his gain or loss percent (to the nearest integer)?Options32% Profit34% Loss31% Profit31% Loss
Solution
The problem can be solved in the following steps:
Step 1: Calculate the cost price of the oranges The man buys oranges at two different rates:
- 3 oranges for Rs.40, so the cost of one orange is Rs.40/3 = Rs.13.33
- 5 oranges for Rs.60, so the cost of one orange is Rs.60/5 = Rs.12
Step 2: Calculate the selling price of the oranges The man sells all the oranges at the rate of 3 for Rs.50, so the selling price of one orange is Rs.50/3 = Rs.16.67
Step 3: Calculate the gain or loss The selling price is higher than the cost price, so the man makes a profit. The profit per orange is Rs.16.67 - Rs.13.33 = Rs.3.34 and Rs.16.67 - Rs.12 = Rs.4.67
Step 4: Calculate the profit percentage The profit percentage is the profit per orange divided by the cost price per orange, multiplied by 100. So, the profit percentage is Rs.3.34/Rs.13.33 * 100 = 25% and Rs.4.67/Rs.12 * 100 = 39%
So, the man makes a profit of approximately 32% (average of 25% and 39%). Therefore, the answer is 32% Profit.
Similar Questions
A man buy 20 oranges for Rs.15 and sells them at 15 oranges for Rs.18.Find his profit (or) loss percent?20%40%60%70%
Select the correct answerSome fruits are bought at a rate of 11 for 100 rupees and an equal number at a rate of 9 for 100 rupees. If all the fruits are sold at a rate of 10 for 100 rupees, then what is the gain or loss percent in the entire transaction?OptionsGain, 5%Gain, 1%Loss, 1%Loss, 5%
100 oranges are bought for Rs.350/- and sold at the rate of Rs.48 per dozen. The percentage profit or loss is?
A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?Options10%20%25%15%
Select the correct answerA person bought some oranges at the rate of 3 per rupee. He bought the same number of oranges at the rate of 2 per rupee. He mixes both the types and sells at 5 for rupees 2. In this business he bears a loss of Rs 4. Find out how many oranges he bought in all?Options120 oranges240 oranges180 orangesCan’t be determined
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.