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A fruit seller buys some oranges at the ...

A fruit seller buys some oranges at the rate of 4 for Rs 10 and an equal number more at 5 for 10. He sells the whole lot at 9 for Rs 20. What is his loss or gain per cent ?

A

Loss per cent `1 19/81 %`

B

Gain precent `1 19/81%`

C

No loss or no profit

D

Loss per cent 2%

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the cost price (CP), selling price (SP), and then determine the loss or gain percentage. ### Step 1: Calculate the Cost Price (CP) 1. **Buying the first batch of oranges:** - The seller buys oranges at the rate of 4 for Rs. 10. - Let’s say he buys 20 oranges. - The cost for 20 oranges = (20/4) * 10 = 5 * 10 = Rs. 50. 2. **Buying the second batch of oranges:** - The seller buys oranges at the rate of 5 for Rs. 10. - Again, for 20 oranges. - The cost for 20 oranges = (20/5) * 10 = 4 * 10 = Rs. 40. 3. **Total Cost Price (CP):** - Total CP = Cost of first batch + Cost of second batch = Rs. 50 + Rs. 40 = Rs. 90. ### Step 2: Calculate the Selling Price (SP) 1. **Selling the whole lot:** - The seller sells the oranges at the rate of 9 for Rs. 20. - Total number of oranges = 20 (from the first batch) + 20 (from the second batch) = 40 oranges. - The selling price for 40 oranges = (40/9) * 20 = (40 * 20) / 9 = Rs. 800 / 9. ### Step 3: Calculate Loss or Gain 1. **Determine the loss:** - CP = Rs. 90 - SP = Rs. 800 / 9 - To find the loss, we first need to express CP and SP in a comparable form. - Convert CP into a fraction: CP = 90 = 810 / 9 (to have a common denominator). 2. **Calculate the loss:** - Loss = CP - SP = (810/9) - (800/9) = (810 - 800) / 9 = 10 / 9. ### Step 4: Calculate Loss Percentage 1. **Loss Percentage Formula:** - Loss Percentage = (Loss / CP) * 100 - Loss Percentage = [(10/9) / 90] * 100 = (10 / 9 * 1/90) * 100 = (10 / 810) * 100 = 1000 / 81. 2. **Final Calculation:** - Loss Percentage = 100 / 81. ### Conclusion The loss percentage is approximately 1.23% (or 100/81%).
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