SOLUTION: Oranges were bought at 6 for Rs 3 and sold at 20 for Rs 40 What is the gain or loss%?

Question 723787: Oranges were bought at 6 for Rs 3 and sold at 20 for Rs 40
What is the gain or loss%?
Answer by Simnepi(216) (Show Source): You can put this solution on YOUR website!
the percentage profit is found by

the actual profit is the difference between the cost price and the selling price
so we have
cost price = 0.5 per orange
selling price = 2 per orange
actual profit = 1.5 per orange
now we can make our fraction
percentage profit =
using a calculator we find
percentage profit = 300%
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