The selling price of 6 bananas is the same as the C.P. of 5 bananas. Find the profit or loss per cent.
Answers
Answer:
Let the cost price of 1 banana be x
Find the selling price of 1 banana:
6 bananas = 5x
1 banana = 5/6 x
Find the profit / loss:
Since the cost price is greater than the selling price
⇒ It is a loss
Loss = Cost Price - Selling Price
Loss = x - 5/6 x
Loss = 1/6 x
Find the loss percentage :
Loss percentage = (Loss ÷ Cost Price ) x 100
Loss percentage = (1/6 x ÷ x ) x 100 = 16.67%
Answer: There is a loss of 16.67%
Step-by-step explanation:
Step-by-step explanation:
Let the cost price of 1 banana be x
Find the selling price of 1 banana:
6 bananas = 5x
1 banana = 5/6 x
Find the profit / loss:
Since the cost price is greater than the selling price
⇒ It is a loss
Loss = Cost Price - Selling Price
Loss = x - 5/6 x
Loss = 1/6 x
Find the loss percentage :
Loss percentage = (Loss ÷ Cost Price ) x 100
Loss percentage = (1/6 x ÷ x ) x 100 = 16.67%
Answer: There is a loss of 16.67%
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