BANANAS BOUGHT AT Rs.10 PER DOZEN IS SOLD AT Rs.1 EACH . FIND THE GAIN OR LOSS PERCENT.
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Note : In a dozen there are 12 banana
Given : Cost price of banana per dozen = 10 rupee
Selling price of banana per piece = 1 rupee
To find : Gain or loss percentage
Solution
Selling price of per dozen =
Now we find that selling price is greater than cost price
Therefore, their is profit
Profit = selling price - cost price
=> p = 12 - 10
=> p = 2
Now we can find the profit percentage by putting it in the formula
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