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:

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Question: 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 % gain
7

[B].

15% gain

[C].

14 2 % loss
7

[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