Knowee
Questions
Features
Study Tools

Select the correct answerA 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

Select the correct answerA 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

🧐 Not the exact question you are looking for?Go ask a question

Solution

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

  1. The vendor buys 7 bananas for Rs.6, so the cost price for one banana is Rs.6/7 = Rs.0.857.

  2. The vendor sells 6 bananas for Rs.7, so the selling price for 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 correct answer is 36.1% Profit.

This problem has been solved

Similar Questions

A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?

Select the correct answerIf a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?Options40% loss44% loss44% profit40 % profit

Select the correct answerA vendor sells a coconut at Rs.24 and suffers 24% loss. If he wants to make 14% profit, then at what price ( in Rs.) should he sell?Options32362830

The cost price of 12 bananas is equal to selling price of 8 bananas. Find profit/loss percent.25% profit50% profit33133313% loss50% loss

Select the correct answerA man sells two articles for Rs.3974 each. He sells first article at 25% profit. At what loss % he would have sold second article, if there is neither profit nor loss in whole transaction?Options13.67%16.66%15.50%12.50%

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.