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)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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