Question

A vendor buys banana at 3for a rupee and sells at 4 for a rupee FIND AS PROFIT OR loss percentage

Answer 1

Cost price of 1 banana = Rs 1/3
Selling price of 1 bana = Rs 1/4
Loss = cost price - selling price = 1/3-1/4 = 1/12
%loss =(loss ×100)/cost price = (1/12 ×100)/1/3= 25%