Question

A shopkeeper bought a dozen of bananas for Rs 120 and sold each banana for Rs 12.His profit percentage is?

Answer 1

Shopkeeper bought banana of ₹120

bought 1 banana =120/12=10

sold 1 banana =₹12

profit =12-10=2

profit percentage=

100 x 2/12

=16.67%

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Answer 2

CP of 12 bananas = 120 rupees

SP of each banana = 12 rupees

SP of 12 bananas = 12×12

= 144 rupees

Profit = SP-CP

= 144-120

= 24

Profit percent = Profit × 100 / CP

= 24 × 100 / 120

= 20 %

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