MathematicsA fruit vendor buys oranges at the rate of 5 for Rs.40 and sells them at Rs.9 per orange. Find his gain percent.

A fruit vendor buys oranges at the rate of 5 for Rs.40 and sells them at Rs.9 per orange. Find his gain percent.


  1. A
  2. B
  3. C
  4. D
     

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    Solution:

    Concept- A percentage is indeed a number or ratio that is a fraction of one hundred. Profit and loss percentage refers to the quantity of profit or loss which has been imposed in percentage terms.
    Here, he buys 5 oranges for Rs.40. Then, the cost of each is Rs.8.
    Here, the selling price of each is Rs.9.
    So, he gets Rs 1 profit by buying and selling each. Therefore, the gain % Hence, the correct answer is option (2).
     
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