Multiple choice

Sandy purchases some apples at the rate of 3 for Rs 50 and the same quantity at 4 for Rs70. If he sells all the apples at the rate of 3 for Rs 60, find his approximate gain or loss percent.

  1. 17%

  2. 20%

  3. 25%

  4. 15%
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A Correct answer
Explanation

Let 12 apples (LCM of 3,4) bought at 4×50=200 and 3×70=210. Total cost = 410. Sold at 4×60=240. Loss = 410-240 = 170. Loss% = (170/410)×100 ≈ 41%, gain% = 17% (profit calculation shows 17% profit on CP).

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