Multiple choice

Suresh purchased 30 dozens of bananas at the rate of Rs. 60 per dozen. He sold each one of them at the rate of Rs. 6. What was his percentage profit?

  1. 30%

  2. 25%

  3. 20%

  4. 35%

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

Cost price of 1 banana = Rs. 60/12 = Rs. 5

Selling price of 1 banana = Rs. 6,

So, gain = Rs. (6 - 5) = Re. 1,

Profit % = (1 x 100)/5 = 20%.

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