A shopkeeper bought some quantity of oranges at the rate of 4 in ₹ 5 and he sold at the rate of 5 in ₹ 4. Find percentage of profit or loss during this transaction.
Answer & explanation
Correct answer: option 4
Quantity Price
CP 4 × 5 5 × 5 (make quantity equal)
SP 5 × 4 4 × 4
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CP 20 25
SP 20 16
Loss % = \(\frac{(25-16)}{25}\) × 100 = 36%