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A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at the rate of Rs. 24 per dozen. He makes a
- a)loss of Rs. 3
- b)profit of Rs. 15
- c)loss of Rs. 15
- d)profit of Rs. 18
Correct answer is option 'B'. Can you explain this answer?
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A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at ...
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A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at ...
Given:
- Number of oranges bought = 60
- Rate of oranges per dozen while buying = Rs. 21
- Rate of oranges per dozen while selling = Rs. 24
To find:
The profit or loss made by the person.
Solution:
To calculate the profit or loss, we need to compare the cost price (CP) and the selling price (SP).
Cost Price (CP):
The cost price is the price at which the person bought the oranges.
- Given that the rate of oranges per dozen while buying = Rs. 21
- Therefore, the cost price per orange = Rs. 21/12
- So, the cost price of 60 oranges = (Rs. 21/12) * 60
Selling Price (SP):
The selling price is the price at which the person sold the oranges.
- Given that the rate of oranges per dozen while selling = Rs. 24
- Therefore, the selling price per orange = Rs. 24/12
- So, the selling price of 60 oranges = (Rs. 24/12) * 60
Profit or Loss:
- Profit or loss is calculated as the difference between the selling price and the cost price.
- If the selling price is greater than the cost price, it is a profit.
- If the selling price is less than the cost price, it is a loss.
Calculation:
- Cost price of 60 oranges = (Rs. 21/12) * 60 = Rs. 105
- Selling price of 60 oranges = (Rs. 24/12) * 60 = Rs. 120
- Profit = Selling price - Cost price = Rs. 120 - Rs. 105 = Rs. 15
Therefore, the person made a profit of Rs. 15. Hence, option 'B' is the correct answer.
- Number of oranges bought = 60
- Rate of oranges per dozen while buying = Rs. 21
- Rate of oranges per dozen while selling = Rs. 24
To find:
The profit or loss made by the person.
Solution:
To calculate the profit or loss, we need to compare the cost price (CP) and the selling price (SP).
Cost Price (CP):
The cost price is the price at which the person bought the oranges.
- Given that the rate of oranges per dozen while buying = Rs. 21
- Therefore, the cost price per orange = Rs. 21/12
- So, the cost price of 60 oranges = (Rs. 21/12) * 60
Selling Price (SP):
The selling price is the price at which the person sold the oranges.
- Given that the rate of oranges per dozen while selling = Rs. 24
- Therefore, the selling price per orange = Rs. 24/12
- So, the selling price of 60 oranges = (Rs. 24/12) * 60
Profit or Loss:
- Profit or loss is calculated as the difference between the selling price and the cost price.
- If the selling price is greater than the cost price, it is a profit.
- If the selling price is less than the cost price, it is a loss.
Calculation:
- Cost price of 60 oranges = (Rs. 21/12) * 60 = Rs. 105
- Selling price of 60 oranges = (Rs. 24/12) * 60 = Rs. 120
- Profit = Selling price - Cost price = Rs. 120 - Rs. 105 = Rs. 15
Therefore, the person made a profit of Rs. 15. Hence, option 'B' is the correct answer.
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Community Answer
A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at ...
Find the loss per cent if cp =$300 sp =$250
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A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at the rate of Rs. 24 per dozen. He makes aa)loss of Rs. 3b)profit of Rs. 15c)loss of Rs. 15d)profit of Rs. 18Correct answer is option 'B'. Can you explain this answer?
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A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at the rate of Rs. 24 per dozen. He makes aa)loss of Rs. 3b)profit of Rs. 15c)loss of Rs. 15d)profit of Rs. 18Correct answer is option 'B'. Can you explain this answer? for Teaching 2024 is part of Teaching preparation. The Question and answers have been prepared according to the Teaching exam syllabus. Information about A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at the rate of Rs. 24 per dozen. He makes aa)loss of Rs. 3b)profit of Rs. 15c)loss of Rs. 15d)profit of Rs. 18Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Teaching 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person buys 60 oranges at the rate of Rs. 21 per dozen and sells at the rate of Rs. 24 per dozen. He makes aa)loss of Rs. 3b)profit of Rs. 15c)loss of Rs. 15d)profit of Rs. 18Correct answer is option 'B'. Can you explain this answer?.
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