720 bananas are bought for Rs. 2520 and sold at the rate of Rs. 58 per dozen. The percentage of prof

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04 Jan 2018 Profit and Loss

720 bananas are bought for Rs. 2520 and sold at the rate of Rs. 58 per dozen. The percentage of profit or loss is:

OPtion

1) 30 % Profit
2) 3.333 % Profit
3) 33.333 % Profit
4) 35.555 % Profit
5) 36.6666 % Profit
6) 37.7777 % Profit
7) 31.111 % Profit
8) 32.222 % Profit
9) 34.5 % Profit
10) None of these

Solution

Cost of 1 banana= 2520/720 = 3.5
Selling price of 1 banana = 58/12 = Rs. 4.83333

As SP > CP so its profit
So Profit % = (4.66667 - 3.5 )*100/3.5 = 38.09 %
Option 10)

Correct Option: 10 Best Solution (0)