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A vendor buys bananas at 4 for Rs. 3 and sells at 3 for Rs. 4. What will be the result?
- A43.75% profit
- B77.7% loss
- C77.7% profit
- D43.75% loss
Answer not set
Discussion 1
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CCommunity
Vendor buys bananas at 4 for Rs 3 ⇒ cost price of 1 banana = Rs. 3/4
Vendor sells bananas at 3 for Rs 4 ⇒ selling price of 1 banana = Rs. 4/3
We see that selling price is more than the cost price which implies there is a profit.
Profit % = [(4/3 - 3/4)/3/4] × 100 = 77.7%
∴ There is profit of 77.7%
Vendor sells bananas at 3 for Rs 4 ⇒ selling price of 1 banana = Rs. 4/3
We see that selling price is more than the cost price which implies there is a profit.
Profit % = [(4/3 - 3/4)/3/4] × 100 = 77.7%
∴ There is profit of 77.7%