Narain bought 120 oranges at Rs.4 each. He sola 60% of the oranges at Rs. 5 each and the remaining at Rs. 3.50 each.
Find the profit/loss percentage.

Narain bought 120 oranges at Rs 4 each. He sold 60 % of the oranges at Rs 5 each and the remaining at Rs 3.50 each. His Profit is 10.

Explanation:

10% profit

Explanation:

cost price=120×4

=480

no of oranges sold at 60%=60%×120

=72

selling price of 60%of oranges=72×5

=360

selling price of remaining oranges=48×3•50

=168

total selling price=360+168

=528

profit=selling price-cost price

=528-480

=48

profit percent=profit÷cost price×100%

=48÷480×100%

=10%

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