100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is ?

A. 1427% gain

B. 1427% loss

C. 15% gain

D. 15 % loss

Answer : A . 1427% gain

Explanation:

Cost Price (C.P) of 1 orange = Rs. 350/100
= Rs. 3.50

Selling Price (S.P) of 1 orange = Rs. 48/12
= Rs. 4

Gain % = ( 0.50 / 3.50 ) x 100 %
= 100/7 %
1427% gain

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