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A trader buys some apples at a price of 10 apples for Rs 8 and sells them at a price of 8 apples for Rs 10. Find his profit or loss %.
  • a)
    56.25 % Gain
  • b)
    56.25 % Loss
  • c)
    62.5 % Gain
  • d)
    45.60 % Loss
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A trader buys some apples at a price of 10 apples for Rs 8 and sells t...
He bought 10 apples for Rs 8 and sold 8 apples for Rs 10.Clearly he got profit S.P. > C.P. 
(S.P./C.P.) × (S.P. /C.P.)
= (10/8) × (10/8) = 100/64 = 1.5625
Therefore, 56.25 % gain.
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Most Upvoted Answer
A trader buys some apples at a price of 10 apples for Rs 8 and sells t...
Given information:
- The trader buys 10 apples for Rs 8.
- The trader sells 8 apples for Rs 10.

Calculation of cost price (CP) of 1 apple:
Cost of 10 apples = Rs 8
Cost of 1 apple = Rs 8/10 = Rs 0.8

Calculation of selling price (SP) of 1 apple:
Selling price of 8 apples = Rs 10
Selling price of 1 apple = Rs 10/8 = Rs 1.25

Calculation of profit or loss:
Profit or loss = SP - CP

Since SP > CP, the trader makes a profit.

Profit = Rs 1.25 - Rs 0.8 = Rs 0.45

Calculation of profit percentage:
Profit percentage = (Profit/CP) * 100
Profit percentage = (0.45/0.8) * 100 = 56.25%

Conclusion:
The trader makes a profit of 56.25%. Hence, the correct answer is option A) 56.25% Gain.
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A trader buys some apples at a price of 10 apples for Rs 8 and sells them at a price of 8 apples for Rs 10. Find his profit or loss %.a)56.25 % Gainb)56.25 % Lossc)62.5 % Gaind)45.60 % LossCorrect answer is option 'A'. Can you explain this answer?
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A trader buys some apples at a price of 10 apples for Rs 8 and sells them at a price of 8 apples for Rs 10. Find his profit or loss %.a)56.25 % Gainb)56.25 % Lossc)62.5 % Gaind)45.60 % LossCorrect answer is option 'A'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A trader buys some apples at a price of 10 apples for Rs 8 and sells them at a price of 8 apples for Rs 10. Find his profit or loss %.a)56.25 % Gainb)56.25 % Lossc)62.5 % Gaind)45.60 % LossCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader buys some apples at a price of 10 apples for Rs 8 and sells them at a price of 8 apples for Rs 10. Find his profit or loss %.a)56.25 % Gainb)56.25 % Lossc)62.5 % Gaind)45.60 % LossCorrect answer is option 'A'. Can you explain this answer?.
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