Question

a fruit seller bought bananas for 3 for rs8 and sold it for 2 for rs7.find is gain or loss percent

Answer 1

Answer:

31.25%

Step-by-step explanation:

CP of 3 bananas = Rs. 8

CP of 1 banana = 8/3

SP of 2 bananas = Rs.7

SP of one banana = 7/2

Here SP > CP  , hence it is a profit

Now,

Profit = SP - CP

        = 7/2 - 8/3

        = 5/6

Profit% = (Profit × 100) ÷ CP

            = [(5/6) × 100] ÷ (8/3)

            = 31.25%

Hence Gain% = 31.25%