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
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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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