Question

Sameer bought 1600 bananas at Rs 3.75 a dozen.He sold 900 of them at 2 for Rs 1 and the reamaining at 5 for Rs 2.Find gain or loss percent

Answer 1

Find the cost of 1600 bananas:

12 bananas = Rs 3.75

1 banana = 3.75 ÷ 12 = Rs 0.3125

1600 bananas = 0.3125 x 1600 = Rs 500

Find the selling price of the 900 bananas sold at 2 for Rs 1

2 bananas = Rs 1

1 banana = 1/2

900 bananas = 1/2 x 900 = Rs 450

Find the selling price of the remaining at 5 for Rs 2:

Remaining = 1600 - 900 = 700

5 bananas = Rs 2

1 banana = 2/5

700 bananas = 2/5 x 700 = Rs 280

Find the total selling price:

450 + 280 = Rs 730

Find the profit/loss:

Since Rs 730 > Rs 500

⇒ It is a profit

Profit = 730 - 500 = Rs 230

Find the profit percentage:

Profit Percentage = 230/500 x 100 = 46%

Answer: He made a profit of 46%