Question
Easy
If 11 oranges are bought for Rs. 10 and sold 10 oranges for Rs. 11. What is the gain in percentage ?
1
11%
2
21%
3
25%
4
28%
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 2
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option B
Explanation
To determine the gain percentage when 11 oranges are bought for Rs. 10 and sold 10 oranges for Rs. 11, we need to calculate the cost price (CP) and selling price (SP) for a single orange and then find the gain percentage. 1. Calculate the Cost Price (CP) per Orange: - 11 oranges are bought for Rs. 10. - Therefore, the cost price of 1 orange = Rs. 10 /тАжRead More
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