40 dozen oranges were purchased at rs 18 per dozen.half of them were sold at rs 2 per orange . by that time, 20 oranges were rot. the remaining oranges were sold at rs 1.25 each. calculate the profit or loss per cent
Total cost of oranges
CP = 18*40 = 720₹
Selling price of 20 dozen oranges
SP1 = 2*12*20 = 480₹
Selling of remaining oranges
SP2 = (20*12-20)*1.25 = 220*1.25 = 275₹
Profit % = [(SP1 + SP2) - CP] /CP}*100
= [(755-720)/720]*100
= 350/72
= 4.86% Ans