A person bought bananas at 6 for ₹12 and sold them at 8 for ₹10. Find his gain or loss percentage?

Question

Question

This question was previously asked in

SSC Selection Post 2024 (Matriculation Level) Official Paper (Held On: 25 Jun, 2024 Shift 1)

Answer 1

Given:

Cost price of 6 bananas = ₹12

Selling price of 8 bananas = ₹10

Formula used:

Cost Price (per banana) = \(\frac{12}{6} = 2\) ₹

Selling Price (per banana) = \(\frac{10}{8} = 1.25\) ₹

Loss percentage = \(\frac{\text{Cost Price} - \text{Selling Price}}{\text{Cost Price}} \times 100\)

Calculation:

Cost Price per banana = ₹2

Selling Price per banana = ₹1.25

Loss per banana = ₹2 - ₹1.25 = ₹0.75

Loss percentage = \(\frac{0.75}{2} \times 100 = 37.5\%\)

∴ The person incurred a loss of 37.5%.

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