96 bananas are bought for Rs. 384 and sold at the rate of Rs. 66 per dozen. The percentage of profit

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28 Mar 2018 Profit and Loss

96 bananas are bought for Rs. 384 and sold at the rate of Rs. 66 per dozen. The percentage of profit or loss is:

OPtion

1) 35 % Profit
2) 34 % Profit
3) 35.5 % Profit
4) 36 % Profit
5) 37.5 % Profit
6) 37 % Profit
7) 36.5 % Profit
8) 38 % Profit
9) 38.5 % Profit
10) None of these

Solution

Cost of 1 banana= 384/96 = 4
Selling price of 1 banana = 66/12 = Rs. 5.5

As SP > CP so its profit
So Profit % = (5.5 - 4 )*100/4 = 37.5 %
Option 5)

Correct Option: 5 Best Solution (0)