Question

1 dozen bananas cost ₹ 60. if the fruit seller sold each banana for 6.50 , find his over all loss or gain percent​

Answer 1

Given :-

Cost Price of 1 dozen of bananas = ₹60

Selling Price of 1 banana = ₹6.50

To Find :-

The overall gain or loss percentage

Solution :-

1 dozen = 12 piece

=> CP of 12 bananas = ₹60

CP of 1 banana = ₹60/12 = ₹5

SP of 1 banana = ₹6.50

Since SP>CP

therefore, there is a profit

Total profit = ₹(6.50 - 5)

= ₹ 1.50

$Profit\: Percentage\: =\: {\dfrac{Profit\: \times\: 100}{CP}}$

On inserting the values in the formula

We get ,

$Profit\: Percentage\: =\: {\dfrac{1.50\: \times\: 100}{5}}$

$\implies\:Profit\: Percentage\: =\: {\dfrac{150\: \times\: 100}{5\: \times\: 100}}$

= 30

Therefore, profit percentage is 30%