Question:
Mike purchased 500 apples at the rate of $75 per hundred.
Last updated: 7/22/2022
![Mike purchased 500 apples at the rate of $75 per hundred.](https://media.kunduz.com/media/sug-question/raw/53038070-1658450188.6022768.jpeg?h=512)
Mike purchased 500 apples at the rate of $75 per hundred. 12% of them got damaged and cannot be sold. If he sold the remaining apples at $15 per dozen in a bag, did he make a profit or loss and by how much?