A trader bought 100 oranges at 5 for N40.00 and 20 for N1...
A trader bought 100 oranges at 5 for N40.00 and 20 for N120.00. Find the profit or loss percent
20% profit
20% loss
25% profit
25% loss
Correct answer is D
Cost price CP of the 100 oranges = 1005 x N40.00
selling price SP of the 100 oranges = 10020 x N120
= N600.00
so, profit or loss per cent
= SP−CPCP x 100%
= 600−800800 x 100%
= −200800 x 100%
Hence, loss per cent = 25%
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