John buys 20 bunches of bananas for 5 naira he sells them all for 6.50 naira what is the percentage profit?show working
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Cost price of 20 bunches of bananas = 5 naira
Selling Price of all bananas = 6.50 naira
Profit = Selling Price – Cost Price
= 6.5 – 5
= 1.5 naira
Percentage Profit % = Profit / Cost Price × 100
= 1.5 / 5 × 100
= 0.3 × 100
= 30 %
Hope the solution is clear to you!!
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