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    • Question

      A retail fruit vendor buys a score of apples for ₹400

      and retails them for ₹264 at a dozen. What was his loss/gain per cent? (a score = 20 no’s) 
      A 20% profit Correct Answer Incorrect Answer
      B 10% loss Correct Answer Incorrect Answer
      C 10% profit Correct Answer Incorrect Answer
      D 5% loss Correct Answer Incorrect Answer

      Solution

      ATQ, Cost Price of 20 apples = ₹400 CP per apple = ₹400 ÷ 20 = ₹20 Selling Price per dozen = ₹264 SP per apple = ₹264 ÷ 12 = ₹22 Gain per apple = ₹22 − ₹20 = ₹2 Gain % = (2 ÷ 20) × 100 = 10%

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