Question
A vendor buys a certain quantity
of fruits at the rate of 32 fruits for Rs. 24 and the same quantity at the rate of 48 fruits for Rs. 40. He then sells all the fruits at a rate of 60 fruits for Rs. 60. Calculate his profit or loss percentage.Solution
ATQ,
Total cost price = {(24/32) + (40/48) } ÷ 2 = Rs. (19/24) Total selling price = (60/60) = Rs. 1 So, profit earned = 1 - (19/24) = Rs. (5/24) So, gain percentage = {(5/24) /(19/24) } × 100 = (500/19) % gain
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