Question : A vendor buys bananas at 9 for Rs. 8 and sells them at 8 for Rs. 9. What will be the profit or loss (in %)?
Option 1: 13.28% profit
Option 2: 26.56% loss
Option 3: 26.56% profit
Option 4: 13.28 % loss

Question

Question : A vendor buys bananas at 9 for Rs. 8 and sells them at 8 for Rs. 9. What will be the profit or loss (in %)?

Option 1: 13.28% profit

Option 2: 26.56% loss

Option 3: 26.56% profit

Option 4: 13.28 % loss

Team Careers360 · Accepted Answer

Correct Answer: 26.56% profit

Solution : Cost price of one banana = $\frac{8}{9}$
Selling price of one banana = $\frac{9}{8}$
Profit = Selling price – Cost price = $\frac{9}{8}$–$\frac{8}{9}$ = $\frac{17}{72}$
Profit% = $\frac{\frac{17}{72}×100}{\frac{8}{9}}$ = $\frac{17×100×9}{72×8}$ = 26.56%
Hence, the correct answer is 26.56% profit.

Exams

Colleges

Predictors

Resources

Quick links

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : A vendor buys bananas at 9 for Rs. 8 and sells them at 8 for Rs. 9. What will be the profit or loss (in %)?Option 1: 13.28% profitOption 2: 26.56% lossOption 3: 26.56% profitOption 4: 13.28 % loss

Related Questions

Know More about

Upcoming Exams

Trending Articles around SSC CGL

Download the Careers360 App on your Android phone

Sign In/Sign Up

Question : A vendor buys bananas at 9 for Rs. 8 and sells them at 8 for Rs. 9. What will be the profit or loss (in %)?
Option 1: 13.28% profit
Option 2: 26.56% loss
Option 3: 26.56% profit
Option 4: 13.28 % loss