A trader bought 100 oranges at 5 for N1.20, 20 oranges got spoilt and the remaining were sold at 4 for N1.50. Find the percentage gain or loss.
a
30% gain
b
25% gain
c
30% loss
d
25% loss
Explanation
Correct Option
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Discussions (55)

toremi116
3 years ago
its not correct when the answer arived at 30.00-24.00= 6 the how can 100% go in 6 and will give us 25

Kosi02
5 years ago
The cost price should be 80/5 × 1.2 and not 100/5 × 1.2 because what is put into consideration is the amount of the oranges bought which was sold, and not the total amount spent on buying it.
Ergo, the answer should be 25% loss (D) and not gain. Thank you for understanding.









