Math Problem Statement
A fruit seller spends equal sums of money to purchase 2730 pieces of mangoes and 1456 pieces of oranges. The mangoes are sold in such a way that 210 mangoes can be purchased with the sale money of 161 mangoes. With the sale money of 299 oranges ,208 oranges can be bought. Which of the following statement is valid regarding the overall percentage of profit or
Pick ONE option
10% <5% <10% but greater than 5% No profit no loss
Solution
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Math Problem Analysis
Mathematical Concepts
Profit and Loss
Ratios
Percentage Calculation
Formulas
Profit percentage = (Selling price - Cost price) / Cost price * 100
Selling price of mango = (210/161) * cost price of mango
Selling price of orange = (208/299) * cost price of orange
Theorems
Basic Profit and Loss Theorem
Suitable Grade Level
Grades 9-10