Question

Rejoice bought 600 oranges at 5 for GH¢3.00 to be sold at the market. On her arrival 5% of the oranges got rotten and she sold the rest at one for GH¢1.00...

I) How any oranges did she finally sell?
ii) Find her loss or profit percent.​

Answer 1

She finally sold 570 oranges

Profit %= 58.33%

Explanation:

Quantity bought=600

Price=5 for GH¢3.00

Total cost price=600/5 * GH¢3.00

=120*GH¢3.00

=GH¢360.00

5% of 600 oranges got rotten

=5/100*600

=30 Oranges were rotten

I) How any oranges did she finally sell?

She finally sold

Sold oranges= Total oranges - Rotten oranges

=600-30

=570 oranges

Selling price=GH¢1.00 * 570 oranges

=GH¢570.00

ii) Find her loss or profit percent

Profit or loss percent= Selling price - cost price / cost price * 100

% profit or loss=S.P - C.P / C.P * 100

=GH¢570.00 - GH¢360.00 / GH¢360.00 * 100

=GH¢210.00/GH¢360.00 *100

=0.5833 * 100

=58.33% profit