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
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.
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