Multiple choice

A vendor bought bananas at 6 for Rs 10 and sold them at 4 for Rs 6 Find his gain or loss percent

  1. 12%

  2. 8%

  3. 6%

  4. 10%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

CP of 1 banana = 10/6 = 5/3. SP of 1 banana = 6/4 = 3/2. Gain = 3/2 - 5/3 = (9-10)/6 = -1/6 (Loss). Loss % = (Loss/CP) * 100 = (1/6) / (5/3) * 100 = (1/6 * 3/5) * 100 = 10%. The question asks for gain or loss percent; 10% loss is the result.

AI explanation

To find the cost and selling prices for a common quantity, take the least common multiple of 6 and 4, which is 12. The cost price of 12 bananas is 2 multiplied by 10, which equals 20, and the selling price of 12 bananas is 3 multiplied by 6, which equals 18. The loss is 20 minus 18, equaling 2, and the loss percentage is calculated using the formula (Loss / Cost Price) * 100, resulting in (2 / 20) * 100 = 10%. His gain or loss percent is 10%.

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