Multiple choice

Kashish sells 300 bananas. He makes a profit equal to the selling price of 240 articles. What percentage profit does he make in the sale?

  1. 120%

  2. 400%

  3. 500%

  4. 600%

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit = SP of 240. Total SP = SP of 300. Total CP = SP of 300 - SP of 240 = SP of 60. Profit % = (Profit / CP) * 100 = (SP of 240 / SP of 60) * 100 = 4 * 100 = 400%.

AI explanation

Let S be the selling price of one banana, so the total selling price of 300 bananas is 300S, which equals the profit of 240S plus the cost price. The cost price is therefore 60S, and the profit formula is (Profit / Cost Price) x 100. This calculates to (240S / 60S) x 100, resulting in a 400 percent profit.

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