A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?Options36.1% loss36.1% Profit26.5% loss26.5% Profit
Question
A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?Options36.1% loss36.1% Profit26.5% loss26.5% Profit
Solution
First, let's calculate the cost price and selling price per banana.
Cost Price (CP) per banana = Rs.6 / 7 = Rs.0.857 Selling Price (SP) per banana = Rs.7 / 6 = Rs.1.167
Now, let's calculate the profit percentage.
Profit = SP - CP = Rs.1.167 - Rs.0.857 = Rs.0.31 Profit Percentage = (Profit / CP) * 100 = (0.31 / 0.857) * 100 = 36.1%
So, the result is 36.1% Profit.
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