Question
Download Solution PDFThe cost of 50 dozens of bananas is Rs. 2,400 and the transport cost per banana is Rs. 0.25. The selling price is Rs. 10 for a pair of bananas. What is the profit percentage (rounded off up to one decimal place)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The cost of 50 dozens of bananas is Rs. 2,400 and the transport cost per banana is Rs. 0.25.
The selling price is Rs. 10 for a pair of bananas.
Concept used:
SP = CP + Profit
Calculation:
The cost price of 1 banana is,
⇒ 2400/(50×12) = Rs 4
After adding the transport cost the cost price is 4 + 0.25 = Rs 4.25
The selling price of each banana is 10 / 2 = Rs 5
Net profit is, 5 - 4.25 = 0.75
So profit percentage is,
⇒ (0.75/4.25) × 100 = 17.6 %
∴ The correct option is 2
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