2 years ago in Profit & Loss

100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

[A] 14 <sup>2</sup>/<sub>7</sub>% gain
[B] 15% gain
[C] 14 <sup>2</sup>/<sub>7</sub>% loss
[D] 15 % loss
[E] None of these
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