3. A vendor is selling apples at 84 a dozen and pears at 96 a dozen. If the apples had been bought at 12 a pair and the pears at 14 a pair, in selling which fruit does the vendor earn a higher profit margin?
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Answer:
cost of 2 apples=12Rs
Cost of 12 apples=12×6=72Rs
Selling price of 12 apples= 84 Rs
profit=84-72=12 Rs a dozen
profit%=16.67%
cost of 2 pears is 14
then cost of 12 pears= 14×6=84
selling price=96
profit=96-84=12Rs a dozen
profit%=14.29%
Step-by-step explanation:
in selling apples vendor earns a higher profit margin on cost
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