A man purchases 11 oranges for 10rs and Sells 10 oranges for 11rs.Find profit or loss%?
A). 21%
B). 22%
C). 23%
D). 24%
21%
Find the C.P of 1 orange that will be 10/11
Find SP of 1 orange that will be 11/10
As it's clear SP>CP hence Profit will be SP-CP = 11/10 - 10/11 = (121 - 100)/110 = 21/110
Profit % = [(profit)/CP]*100 = [(21/110)/(10/11)*100] = [(21*11)/(110*10)*100 = 21%