Question

A man bouht 5 dozen bananas for $80 and sold them at a rate of 6 bananas for $1. find the percentage of gain or loss in the given transaction​

Answer 1

Step-by-step explanation:

cost of 5 dozen bananas=$80

cost of 1 banana=$80/5×12=$80/60=4/3

sp of 1 banana=1/6

loss=4/3-1/6=7/6

loss%=((7/6)/(4/3)×100)%=7/6×3/4×100%=175/2=87.5%