Question By selling 20 oranges for#1.35 a trader makes a profit of 8% what is the percentage gain or loss if he sells the same 20 oranges for#1.10?

Answer: 12% loss Step-by-step explanation: The selling price is the sum of the cost price and the markup. Here, the markup (profit) is expressed as a percentage of the cost price. Cost price The relation between selling price and cost price is … selling price = cost price + cost price × markup fraction selling price = cost price × (1 + markup fraction) Then the original cost price is … cost price = (selling price) / (1 + markup fraction) cost price = #1.35 / (1 +8%) = #1.25 Profit After the change in selling price, we can find the markup fraction (profit rate) to be … 1 + markup fraction = (selling price)/(cost price) markup fraction = (selling price)/(cost price) -1 markup fraction = #1.10/1.25 -1 = 0.88 -1 = -0.12 The trader has a 12% loss when selling the oranges at #1.10. Reply

Answer:Step-by-step explanation:selling priceis the sum of thecost priceand themarkup. Here, the markup (profit) is expressed as a percentage of the cost price.## Cost price

## Profit

-0.12The trader has a 12% loss when selling the oranges at #1.10.