A vendor sells 36 oranges and incurs a loss equal to the selling price of 4 oranges. Compute the loss percentage.
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A12.5%
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B11 1/9%
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C10%
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DNone of these
Answer
Correct Answer: 10%
Explanation
Introduction:Loss or gain expressed in terms of the selling price of some quantity is a classic framing. Turning it into algebra using per-unit selling price and comparing total selling price with total cost gives the required percentage.
Given Data / Assumptions:
- Let s be the selling price per orange.
- Total oranges sold = 36.
- Loss amount = selling price of 4 oranges = 4s.
Concept / Approach:Total SP = 36s. Since there is a loss of 4s, total CP must be SP + loss = 36s + 4s = 40s. Loss percentage is loss divided by cost times 100.
Step-by-Step Solution:Total SP = 36sLoss = 4sTotal CP = 36s + 4s = 40sLoss% = 4s / 40s * 100 = 10%
Verification / Alternative check:Assume s = Rs 10. Then SP = 360, loss = 40, CP = 400, giving 40/400 * 100 = 10%, consistent.
Why Other Options Are Wrong:
- 12.5% and 11 1/9%: incorrect ratios from misplacing the base.
- None of these: incorrect because 10% is correct.
Common Pitfalls:
- Computing percentage on selling price instead of on cost price.
- Interpreting the loss as 4 oranges out of 36 without converting rupee values.
Final Answer:10%