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A man purchases some oranges at the rate of 3 for $₹ 40$ and the same quantity at 5 for $₹ 60$ If he sells all the oranges at the rate of3 for $₹ 50$ find his gain or loss percent (to the nearest integer).

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31 % profit

32% profit

34% loss

answer is A.

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Detailed Solution

CP of 15 oranges $= 5 (40) = ₹ 200$

CP of 15 oranges $= 3 (60) = ₹ 180$

Total CP of 30 oranges $= ₹ 580$

SP of30 oranges $= 10 (50) = ₹ 500$

$∴ Profit (%) = \frac{500 - 380}{380} \times 100 \approx 32 %$

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