M4maths Previous Puzzles

08 Nov 2017 Profit and Loss

408 bananas are bought for Rs. 1200 and sold at the rate of Rs. 54 per dozen. The percentage of profit or loss is:

OPtion

1) 53 % Profit
2) 54 % Profit
3) 55 % Profit
4) 46 % Profit
5) 47 % Profit
6) 48 % Profit
7) 49 % Profit
8) 56 % Profit
9) 57 % Profit
10) None of these

Solution

Cost of 1 banana= 1200/408 = 2.941176

Selling price of 1 banana = 54/12 = Rs. 4.5

As SP > CP so its profit
So Profit % = (4.5 - 2.941176 )*100/2.941176 = 53 %
Option 1)

Correct Option: 1 Best Solution (0)