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

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7.Profit and Loss

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

A

$13.28 \%$ profit

B

$26.56 \%$ loss

C

$26.56 \%$ profit

D

$13.28 \%$ loss

Solution

$C.P$ of $9$ bananas $=₹ 8$ $S.P$ of $8$ bananas $=₹ 9$

$\therefore$ $C.P$ of $72$ bananas $=₹ 64$

$S.P$ of $72$ bananas $=₹ 81$

$P\%$ $=\frac{81-64}{64} \times 100$

$=\frac{17}{64} \times 100=26.56 \%$

Standard 13

Quantitative Aptitude

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