100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

1.

100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

[A].	14 2/7 % gain
[B].	15% gain
[C].	14 2/7 % loss
[D].	15 % loss

Answer: Option A

Explanation:

C.P. of 1 orange = Rs.		350		= Rs. 3.50
		100

S.P. of 1 orange = Rs.		48		= Rs. 4
		12

Gain% =		0.50	x 100	%	=	100	% = 14	2	%
		3.50				7		7

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