4 Views

Question : A person buys some bananas at INR $Y$ per dozen and sells them at INR $\frac{Y}{4}$ per banana. What is his gain percentage?

Option 1: 200%

Option 2: 50%

Option 3: 80%

Option 4: 100%


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 4th Jan, 2024

Correct Answer: 200%


Solution : The cost price of 1 dozen bananas = INR $Y$
Selling price of 1 banana = INR $\frac{Y}{4}$
Selling price of 1 dozen banana = INR $\frac{Y}{4}\times12 = 3Y$
Gain = selling price – cost price
= $3Y$ – $Y$
= $2Y$
Gain percentage = $\frac{\text{Gain}}{\text{cost price}}\times 100$%
= $\frac{2Y}{Y}\times 100$%
= 200%
Hence, the correct answer is 200%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books