what is the gain per cent if bananas are brought at6 for 450p and sold at 5for 525p
Answers
6 banana = 450 1 banana = 75 it's cp
5 banana = 525 1 banana = 105 it's sp
profit = sp- cp / cp *100
105-75/75*100
40%
Answer:
The seller has a 40% gain.
Step-by-step explanation:
Given that the Cost price of 6 bananas = 450p
and the selling price of 5 bananas = 525p
We need to find the gain percent.
We cannot compare the prices of unequal quantities
Therefore, we find the prices of 1 banana
=> Cost price of 1 banana = 450/6
= 75p
=> Selling price of 1 banana = 525/5
= 105p
As Selling price > Cost price, he has a profit
Profit/Gain = Selling price - Cost price
= 105p - 75p
= 30p
We know that Gain% = * 100
= * 100
= 40%
Therefore, the seller has a 40% gain.