Venkanna purchased 50 dozen bananas for$1250.he incurred transportation charges of $250 .he could not sell five dozen of bananas as they were spoiled.he sold the remaining banana at $35 fir each dozen .will he get a profit or a loss? find out profit or loss percent.
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Answer:
Profit 5%
Step-by-step explanation:
No.of bananas he purchased=50 dozens
Spoiled bananas=5 dozen
No.of bananas he sold=50-5=45 dozens
He purchased 50 dozen bananas for=$1250
Transportation charges=$250
CP=1250+250=1500
He sold each dozen bananas for=$35
SP=45×35=$1575
Profit or loss=SP-CP=1575-1500=75=Profit
Profit Percent=Profit/CP × 100 = 75/1500 × 100 =5%
$75 Profit, Profit percent =5%
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