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