Question

If a fruit seller buys bananas at rs 16 per dozen and sells at rs 20 per dozen he earns the profit at 4%

Answer 1

Cost price= Rs 16
Selling price= Rs 20
Profit= Rs 4
Profit% = Profit×100/Cost price = 4*100/16= 25%

Answer 2

The profit percentage is 4%.

Profit is the difference between the cost price (CP) and the selling price (SP). It can be calculated as:

Profit = (SP - CP) / CP

In this case, the cost price of one banana is 16/12 = 1.33 Rupees and the selling price of one banana is 20/12 = 1.67 Rupees.

Profit = (1.67 - 1.33) / 1.33 = 0.04

So, the profit percentage is 4%.

• Profit is the financial gain that results from the sale of a product or service, after all costs associated with producing and selling that product or service have been subtracted from the revenue generated from the sale.
• In other words, it is the difference between the revenue received from selling a product or service, and the costs associated with producing and selling that product or service. Profit is a measure of a business's efficiency and effectiveness in generating revenue and managing costs. It is often expressed as a percentage of the revenue, known as the profit margin

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