The problem states that the cost price of 12 bananas is equal to the selling price of 8 bananas. This implies that the seller is making a profit because they are selling 8 bananas for the price of 12.

Let's assume the cost price of one banana is $1. Therefore, the cost price of 12 bananas is $12.

According to the problem, this $12 is also the selling price of 8 bananas. So, the selling price of one banana is $12/8 = $1.5.

The profit made on one banana is the selling price minus the cost price, which is $1.5 - $1 = $0.5.

To find the profit percentage, we use the formula:

Profit % = (Profit / Cost price) * 100
= ($0.5 / $1) * 100
= 50%

So, the seller is making a 50% profit on the bananas.

Question

The problem states that the cost price of 12 bananas is equal to the selling price of 8 bananas. This implies that the seller is making a profit because they are selling 8 bananas for the price of 12.

Let's assume the cost price of one banana is $1. Therefore, the cost price of 12 bananas is $12.

According to the problem, this $12 is also the selling price of 8 bananas. So, the selling price of one banana is $12/8 = $1.5.

The profit made on one banana is the selling price minus the cost price, which is $1.5 - $1 = $0.5.

To find the profit percentage, we use the formula:

Profit % = (Profit / Cost price) * 100
           = ($0.5 / $1) * 100
           = 50%

So, the seller is making a 50% profit on the bananas.

Knowee AI · Accepted Answer

The problem states that the cost price of 12 bananas is equal to the selling price of 8 bananas. This implies that the seller is making a profit because they are selling 8 bananas for the price of 12.

Let's assume the cost price of one banana is $1. Therefore, the cost price of 12 bananas is $12.

According to the problem, this $12 is also the selling price of 8 bananas. So, the selling price of one banana is $12/8 = $1.5.

The profit made on one banana is the selling price minus the cost price, which is $1.5 - $1 = $0.5.

To find the profit percentage, we use the formula:

Profit % = (Profit / Cost price) * 100
           = ($0.5 / $1) * 100
           = 50%

So, the seller is making a 50% profit on the bananas.

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

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