Oranges are bought at 11 for a rupee and an equal number more at 9 for a rupee. If they are sold at 10 for a rupee what is the gain or loss percent?
Explanation:
If x be the number of oranges at each of the prices, then,
Total purchase = x/11 + x/9 = (9x + 11x)/99 = 20x/99
Sales revenue = 2x/10 = x/5
% gain = x5-20x9920x99×100 = 99x-100x49520x99×100 = -x495×9920x×100 = -1 or 1% loss.
Hence, option (c).
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