1. A fruit-seller buys some oranges and by selling 40% of them he realises the cost price of all the oranges. As the oranges being to grow over-ripe, he reduces the price and sells 80% of the remaining oranges at half the previous rate of profit. The rest of the oranges being rotten are thrown away. The overall percentage of profit is
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By: anil on 05 May 2019 01.53 am
Let us assume that the fruit seller buys 100 oranges for Rs. 100
He sells 40 oranges for Rs. 100
Profit obtained = 100 - 40 = Rs. 60
% Profit = $$frac{60}{40} imes 100 = 150$$%
Now, he sells 80% of the remaining oranges at half the profit
i.e., he sells 48 oranges at 75% profit.
Selling Price of 48 oranges = 48 + 75% of 48 = Rs. 84
Rest of them are thrown away.
Total SP = 100 + 84 = 184
Profit = 184 - 100 = 84
% Profit = 84%
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He sells 40 oranges for Rs. 100
Profit obtained = 100 - 40 = Rs. 60
% Profit = $$frac{60}{40} imes 100 = 150$$%
Now, he sells 80% of the remaining oranges at half the profit
i.e., he sells 48 oranges at 75% profit.
Selling Price of 48 oranges = 48 + 75% of 48 = Rs. 84
Rest of them are thrown away.
Total SP = 100 + 84 = 184
Profit = 184 - 100 = 84
% Profit = 84%