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Oranges are purchased at the rate of 7 oranges for Rs. 3. At what price one hundred oranges should be sold so that the profit is 33%?

  1. A
    Rs. 58
  2. B
    Rs. 57
  3. C
    Rs. 60
  4. D
    Rs. 56

Solution & Step-by-step Explanation

1. Find the Cost Price (CP) of 1 orange:
CP of 7 oranges=Rs. 3⟹CP of 1 orange=Rs. 
7
3


Find the Cost Price (CP) of 100 oranges:

CP of 100 oranges=100×
7
3

=Rs. 
7
300


Calculate the Selling Price (SP) for a 33% profit:

SP=CP×(1+
100
Profit Percentage

)
SP=
7
300

×(1+
100
33

)=
7
300

×
100
133


SP=
7
3×133


Simplify the calculation:
Notice that 133÷7=19.

SP=3×19=Rs. 57
Therefore, 100 oranges should be sold for Rs. 57.

Practice this question

Try it yourself before checking the explanation above.

Oranges are purchased at the rate of 7 oranges for Rs. 3. At what price one hundred oranges should be sold so that the profit is 33%?
A
Rs. 58
B
Rs. 57
C
Rs. 60
D
Rs. 56

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