Arithmetichard · Past Paper
A man buys some oranges at 5 for a rupee and an equal number at 4 for a rupee. He sells the whole lot at 9 for 2 rupees. What is his gain or loss %?
A1.23% loss
B1.23% gain
CNo profit no loss
D2% loss
✓ Correct Answer: A — 1.23% loss
Let he buys 20 of each. Total CP = 4+5 = 9. Total SP = (40/9)*2 = 80/9 = 8.88. Loss = 9 - 8.88 = 0.11. Loss % = (0.11/9)*100 = 1.23%.
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