Quantitative Aptitude Profit and Loss Absolute Profit and Loss

Apples were purchased at 100 for Rs.350 and sold at Rs.48 a dozen. What is the profit or loss percentage?

1

Profit 14\(\frac{2}{7}\)%

2

loss 18\(\frac{3}{5}\)%

3

loss 10%

4

Profit 12%

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