Question

A fruit seller brought 120 oranges for rs 500 and spent rs 60 for parking them into 10 boxes each containing a dozen oranges. If he sold a dozen of oranges for rs 58.8, find the profit percentage I know the answer it is 5% but I need the explanation for it in picture format it is also ok but in neat handwriting pls help

Answer 1

First, we know that he spent rs500 plus rs60 in the whole process, then the total cost is:

C = rs500 + rs60 = rs560

Now he sells the oranges in packs of 12, then if he has 120 oranges, the total number of packs that he can sell is:

120/12 = 10

So he has 10 packs of 12 oranges.

And he sells each one for rs58.8

Then if he sells the 10 packs, the total revenue is:

R = 10*(rs58.8) = rs588

The profit is the difference between the revenue and the cost, here the profit is:

P = R - C = rs588 - rs560 = rs28

And the profit percentage is calculated as follows:

(P/C)*100%

Where P = profit and C = cost, then we have:

(rs28/rs560)*100% = 5%