1080 bananas are bought for Rs. 2520 and sold at the rate of Rs. 35 per dozen. The percentage of pro

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10 Jul 2018 Profit and Loss

1080 bananas are bought for Rs. 2520 and sold at the rate of Rs. 35 per dozen. The percentage of profit or loss is:

OPtion

1) 2.5 % Profit
2) 12.5 % Profit
3) 25.00 % Loss
4) 35.555 % Profit
5) 36.6666 % Loss
6) 37.7777 % Profit
7) 25.00 % Profit
8) 32.222 % Loss
9) 34.5 % Profit
10) None of these

Solution

Cost of 1 banana= 2520/1080 = 2.33333
Selling price of 1 banana = 35/12 = Rs. 2.91667

As SP > CP so its profit
So Profit % = (2.91667 - 2.33333 )*100/2.33333 = 25 %

Option 7)

Correct Option: 7 Best Solution (8)