Sardar singh bought 200 dozen oranges at Rs.,10 a dozen. He spent ₹500 on transportation. He sold

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7.Profit and Loss

easy

Sardar singh bought $200$ dozen oranges at $Rs.\,10$ a dozen. He spent ₹500 on transportation. He sold them at $Rs.\,1$ each. What was his profit or loss percent?

A

$4$

B

$6$

C

$5$

D

None of these

Solution

Cost price of $200$ dozen oranges $=200 \times 10=₹ 2000$ Transportation cost $=Rs. 500$.

$\therefore$ cost Price $( C . P )=2000+500=Rs. 2500$

Selling Price $(S.P.)$ $=200 \times 12 \times 1=Rs. 2400$

Loss $= C \cdot P \cdot- S.P. =2500-2400= Rs. 100$

$\therefore \quad$ Loss $\%=\frac{\operatorname{Loss} \times 100}{\text { C.P. }}=\frac{100 \times 100}{2500}=4 \%$

Standard 13

Quantitative Aptitude

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