Apples were purchased at 100 for Rs.350 and sold at Rs.48 a dozen. What is the profit or loss percentage?

Question

Question

This question was previously asked in

SSC CGL 2022 Tier-I Official Paper (Held On : 05 Dec 2022 Shift 4)

Answer 1

Given:

CP of 100 apples = Rs 350

SP of 1 dozen apples = Rs 48

Concept Used:

Gain Percentage = \(\frac{Gain}{CP}\times 100\)

Calculation:

⇒ SP of 12 apples = Rs 48

⇒ So, SP of 1 apple = \(\frac{48}{12}\) = Rs 4

⇒ SP of 100 apples = Rs 400

As can be seen, SP > CP.

⇒ Gain = 400 – 350 = Rs 50

⇒ Profit Percentage = \(\frac{50}{350}\times 100\) = \(\frac{100}{7}=14\frac{2}{7}\%\)

Therefore, the profit percentage is 14\(\frac{2}{7}\)%.