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Question 69
Oranges are purchased at the rate of 7 oranges for ₹3. At what price one hundred oranges should be sold so that the profit is 33% ?
Solution
Cost Price of 7 oranges = Rs.3
Cost Price of 100 oranges = $$Rs.\dfrac{300}{7}$$
Profit = 33%
Then, Selling Price of 100 oranges = $$\dfrac{133}{100}\times\dfrac{300}{7} = Rs.57$$
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