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Narain bought 120 oranges at ₹ 4 for each orange. He sold 60 % of the oranges at ₹ 5 each and the remaining at ₹ 3.50 each. Is it true that he is on profit?

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True

False

answer is A.

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Detailed Solution

Given, Narain bought 120 oranges at ₹ 4 for each orange. He sold 60 % of the oranges at ₹ 5 each and the remaining at ₹ 3.50 each.
His, investment is Total oranges

\times

Cost of each orange =

120 \times 4 = ₹ 480

.
60% of the oranges means

\frac{60}{100} \times 120 = 72 oranges

.
His income on 60% of oranges = 72

\times

selling price of each orange = 72

\times

5
= ₹ 360.
His income on remaining oranges = (120 - 72)

\times

selling price of each orange = 48

\times

3.5
= ₹ 168.
His total income = 360 + 168
= ₹ 528.
His income is greater than his investment. So he is on profit.
Hence option 1 is correct.

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