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1. 100 oranges are bought at the rate of Tk. 350 and sold at the rate Tk. 48 per dozen. The percentage of profit or loss is :
- A. 14.29% gain
- B. 14.29% gain
- C. 14.29% gain
- D. 14.29% gain
Answer: Option A
Explanation:
100 oranges cost 350tk
So, 1 orange costs (350/100)=3.5 tk
12 oranges selling for 48 tk
So, 1 orange selling for (48/12)=4 taka
Profit in 3.5 taka=(4-3.5)=0.5 taka
So, profit in 350 taka=(350×0.5)/3.5=50 taka
Now, (50×100)/300=14.29%
(ans)
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