Question 89

A vendor buys some bananas at the rate of 2 for Re 1 and sells at the rate of 10 for Rs 7. What will be the result?

Solution

The vendor buys 2 bananas for Re 1

=> Cost price of 1 banana = $$\frac{1}{2}$$ = Rs 0.5

He sells 10 bananas for Rs. 7

=> Selling price of 1 banana = $$\frac{7}{10}$$ = Rs 0.7

$$\because$$ Selling price is more than Cost price, the vendor earns a profit

=> Profit % = $$\frac{(0.7 - 0.5)}{0.5} \times 100$$

= $$\frac{2}{5} \times 100 = 40\%$$

=> Ans - (C)

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