Chandan bought 1600 bananas at Rs 3.75 a dozen.He sold 800 of them at 2 for Rs 5 and the reamaining at 6 for Rs 2.Find gain or loss percent
Answers
Step-by-step explanation:
Given :-
Chandan bought 1600 bananas at Rs 3.75 a dozen.
He sold 800 of them at 2 for Rs 5 and the reamaining at 6 for Rs 2.
To find :-
Gain or Loss percentage
Solution :-
Given that
The cost of a dozen bananas = Rs. 3.75
Total number of bananas were bought
= 1600
We know that
12 objects = 1 dozen
1600 objects = 1600/12 dozen
=> 1600 objects = 400/3 dozen
The cost of 1600 bananas
=The cost of 400/3 dozen bananas
= (400×3.75)/3
= (4×375)/3
= 1500/3
= Rs. 500
The cost of 1600 bananas = Rs. 500
And
The selling price of 2 bananas = Rs. 5
The selling Price of 1 banana = Rs. 5/2
The selling price of 800 bananas
= (800×5)/2
= 400×5
= Rs. 2000
The selling price of 800 bananas
= Rs. 2000
Remaining bananas = 1600-800 = 800
The selling price of 6 bananas = Rs. 2
The selling price of 1 banana = Rs. 2/6
= Rs. 1/3
The selling price of 800 bananas
= 800 ×( 1/3)
= Rs. 800/3
Total Selling price of all 1600 bananas
= 2000+(800/3)
= (6000+800)/3
= Rs. 6800/3
We have ,
Total Selling Price of 1600 bananas
= Rs. 6800/3
Total cost price of 1600 bananas
= Rs. 500
Selling Price > Cost Price
=> Gain occurs
Chandan got gain .
We know that
Gain = Selling Price - Cost Price
=> Gain = (6800/3)-500
=> Gain = (6800-1500)/3
=> Gain = Rs. 5300/3
We know that
Gain % = (Gain/Cost Price)×100
=> G% = [(5300/3)/500]×100
=> G% = [5300/(3×500)]×100
=> G% = (5300/1500)×100
=> G% = (53/15)×100
=> G% = 5300/15
=> G% = 1060/3
=> G% = 353 1/3%
Answer :-
Chandan got 353 1/3% of gain percentage in the whole transaction
Used formulae:-
→ 1 dozen = 12 articles
→ Gain = Selling Price-Cost Price
→ Gain % = (Gain / Cost Price)×100
~ How to Solve :
First ,we will calculate the Cost price of the Bananas .Than, we will calculate the Selling price of first 800 bananas and after that the cost of Rest Bananas . On adding the selling price of these bananas we will get that he got profit or loss .On this basis ,by applying the formula for loss or gain % we will get the answer .Let's Solve :
~ Formula Used :
~ Calcuting the Cost Price :
Here :
- ➬ Total Bananas = 1600
- ➬ Bananas in 1 Dozen = 12
- ➬ Cost of 1 Dozen Banana = Rs. 3.75
Calculation Starts :
~ Calculating the Selling price of 800 Bananas :
Here :
- ➬ Total no. of Bananas = 800
- ➬ No. of Bananas = 2
- ➬ Cost = 5
Calculation Starts :
~ Calculating the Cost price of Rest Bananas :
Here :
- ➬ Rest Bananas = 1600 - 800 = 800
- ➬ No. of Bananas = 6
- ➬ Cost = 2
Calculation Starts :
~ Calculating the Total S.P :
~ Calcuting the Profit % :
❛❛ Chandan had a profit of on the whole transaction . ❜❜