Question : A vendor buys 12 bananas for INR 60 and sells 5 bananas for INR 32. What will be his gain percentage?
Option 1: 28
Option 2: 32
Option 3: 24
Option 4: 22
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
Correct Answer: 28
Solution :
The cost price of 12 bananas = INR 60
So, the cost price of 1 banana = $\frac{60}{12}$ = INR 5
The selling price of 5 bananas = INR 32
So, the selling price of 1 banana = $\frac{32}{5}$ = INR 6.4
Profit = Selling price – Cost price
= INR 6.4 – INR 5
= INR 1.4
Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}×100$
= $\frac{1.4}{5}×100$
= $28$%
Hence, the correct answer is 28.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
