Apples were purchased at 100 for Rs. 350 and sold at Rs. 48 a dozen. What is the profit or loss percentage?

Profit $14\frac{2}{7}$ % Loss $18\frac{3}{5}$ % Loss 10% Profit 12%

Profit $14\frac{2}{7}$ %

Cost price of 100 apples = 350 Selling price of 12 apples = 48 Selling price of 100 apples =  \(\frac{48}{12}\) × 100 = 400 Profit% =  \(\frac{400 - 350}{350}\) × 100 = Profit $14\frac{2}{7}$ %