Multiple choice

200 bananas are bought at the rate of Rs. 750 and sold at the rate of Rs. 54 per dozen. What is the percentage of profit or loss?

  1. 20% Loss

  2. 20% Gain

  3. 25% Loss

  4. 25% Gain

  5. Neither gain nor loss
Reveal answer Fill a bubble to check yourself
B Correct answer
AI explanation

Using the percentage profit formula, (Selling Price minus Cost Price) divided by Cost Price times 100, we first find the selling price of one banana is Rs. 54 divided by 12, equaling Rs. 4.50. For 200 bananas, the total selling price is 200 times 4.50, which is Rs. 900. The profit is 900 minus the cost price of 750, giving Rs. 150. Therefore, the profit percentage is (150 / 750) times 100, resulting in a 20% Gain.

Keep practicing — related questions