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%?
- ARs. 58
- BRs. 57
- CRs. 60
- DRs. 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.
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.