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A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?Options26.5% loss26.5% Profit36.1% loss36.1% Profit

Question

A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?Options26.5% loss26.5% Profit36.1% loss36.1% Profit

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Solution

To solve this problem, we need to first determine the cost price (CP) and the selling price (SP) of a single banana.

  1. The vendor buys bananas at 7 for Rs.6. So, the cost price (CP) of one banana is Rs.6/7 = Rs.0.857.

  2. The vendor sells bananas at 6 for Rs.7. So, the selling price (SP) of one banana is Rs.7/6 = Rs.1.167.

  3. Now, we can calculate the profit percentage using the formula: Profit% = [(SP - CP)/CP] x 100

  4. Substituting the values we have: Profit% = [(1.167 - 0.857)/0.857] x 100 = 36.1%

So, the vendor makes a 36.1% profit. Therefore, the correct answer is option 4: 36.1% Profit.

This problem has been solved

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