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If 11 oranges are bought for Rs. 10 and ...

If 11 oranges are bought for Rs. 10 and sold 10 oranges for Rs. 11. What is the gain in percentage?

A

11 `%`

B

21 `%`

C

25`%`

D

28`%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of finding the gain percentage when 11 oranges are bought for Rs. 10 and sold for Rs. 11 for 10 oranges, we can follow these steps: ### Step 1: Determine the Cost Price (CP) and Selling Price (SP) - **Cost Price (CP)**: The cost of 11 oranges is Rs. 10. - **Selling Price (SP)**: The selling price for 10 oranges is Rs. 11. ### Step 2: Calculate the Cost Price for 110 Oranges To simplify calculations, we can scale the quantities: - If we buy 110 oranges, we can find the total cost: \[ \text{CP for 110 oranges} = \left(\frac{10}{11}\right) \times 110 = 100 \text{ Rs.} \] ### Step 3: Calculate the Selling Price for 110 Oranges Now, let's calculate the selling price for 110 oranges: - If we sell 110 oranges, we can find the total selling price: \[ \text{SP for 110 oranges} = \left(\frac{11}{10}\right) \times 110 = 121 \text{ Rs.} \] ### Step 4: Calculate the Profit Now, we can find the profit made by selling the oranges: \[ \text{Profit} = \text{SP} - \text{CP} = 121 \text{ Rs.} - 100 \text{ Rs.} = 21 \text{ Rs.} \] ### Step 5: Calculate the Gain Percentage Finally, we can calculate the gain percentage using the formula: \[ \text{Gain Percentage} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 = \left(\frac{21}{100}\right) \times 100 = 21\% \] ### Conclusion The gain percentage is **21%**. ---
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