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Profit and Loss - General Aptitude

Q1:

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

ANS:A -

14 2 % gain
7

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