By selling bananas at the rate of rupees 72 per dozen, suhel losses 10% of his investment. what would be the percentage of his gain or loss, if he sold them at rupees 700 per hundred
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Let x be the Original Price
Rate per dozen = Rs. 72
Loss on selling I dz = 10% of x
⇒x- 10% of x= 72
⇒9x/10= 72
x= Rs. 80
So,Original Price per dozen is Rs. 80
Now if sold Rs. 720 per 100
then,Rate per dozen Banana = 720/100 * 12
= Rs. 86.40
∴Profit % = ΔRate/Original Price * 100%
=6.40/80 * 100%
=8%
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