324 bananas are bought for Rs. 900 and sold at the rate of Rs. 42 per dozen. The percentage of profi

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18 Sep 2017 Profit and Loss

324 bananas are bought for Rs. 900 and sold at the rate of Rs. 42 per dozen. The percentage of profit or loss is:

OPtion

1) 23 % Profit
2) 24 % Profit
3) 25 % Profit
4) 26 % Loss
5) 27 % Profit
6) 28 % Profit
7) 29 % Profit
8) 24.5 % Profit
9) 26.5 % Loss
10) None of these

Solution

Cost of 1 banana= 900/324 = 2.777778
Selling price of 1 banana = 42/12 = Rs. 3.5

As SP > CP so its profit
So Profit % = (3.5 - 2.777778 )*100/2.777778 = 26 %
Option 10)

Correct Option: 10 Best Solution (0)