786 bananas are bought for Rs. 2751 and sold at the rate of Rs. 35 per half dozen. The percentage of

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16 Nov 2018 Profit and Loss

786 bananas are bought for Rs. 2751 and sold at the rate of Rs. 35 per half dozen. The percentage of profit or loss is:

OPtion

1) 6.67 % Profit
2) 66.5 % Profit
3) 66.67 % Loss
4) 35.555 % Profit
5) 166.667 % Profit
6) 37.7777 % Profit
7) 25.00 % Profit
8) 66.67 % Profit
9) 34.5 % Profit
10) None of these

Solution

Cost of 1 banana= 2751/786 = 3.5
Selling price of 1 banana = 35/6 = Rs. 5.83333

As SP > CP so its profit
So Profit % = (5.83333 - 3.5 )*100/3.5 = 66.66667 =~66.67 %

Option 8)

Correct Option: 8 Best Solution (8)