A man bought 300 oranges for ₹450/-. 100 oranges got spoiled. He sold the remaining at the rate of ₹2.00 per orange. Find his loss% or gain%

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Solution

total oranges = 300
Cost of total 300 oranges = Rs. 450
Therefore cost of one orange = 450/300 = 3/2 = Rs. 1.5
Since 100 ornages got spolied there are 200 oranges left.

He sold 200 oranges at Rs 2 per orange => 200 x 2 = Rs 400

Therefore his loss = Rs 450 - Rs 400 = Rs 50

Loss Percent = Loss / Cp x 100
= 50/ 450 x100 = 100/9 = 11.1%

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