Given : Kishore bought a basket containing 30 oranges for rs 310. If he sells the oranges at rs 12 each , what Would be it's profit or loss?
Solution :
Cost price of oranges = rs.310
As we know that each oranges cost rs.12
So, selling price of oranges is 30 × 12 = rs.360
Now, finding profit or loss
Profit = Selling Price - Cost Price
Profit = rs.360 - rs.310
Profit = rs.50
