Multiple choice

XYZ sold 6 fruit baskets at a price equal to his cost for 9 fruit baskets. Determine the profit or loss percentage procured by XYZ.

  1. 30% profit

  2. 40% loss

  3. 50% profit

  4. 33% loss

  5. 45% loss
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP of 1 basket be 1. SP of 6 baskets = CP of 9 baskets = 9. Profit = 9 - 6 = 3. Profit % = (3/6) * 100 = 50%.

AI explanation

Using the standard profit calculation where selling price equals cost price of 9 baskets, the profit ratio for a single basket is 9 minus 6, which is 3. Applying the profit percentage formula, (3 divided by 6) multiplied by 100 results in a 50% profit.

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