A fruit vendor bought bananas @ Rs. 5 for 6 and sold 4 bananas for Rs.

1.	A fruit vendor bought bananas @ Rs. 5 for 6 and sold 4 bananas for Rs. 3. What is his percentage of profit or loss?1. 10% loss2. 10% profit3. 8% loss4. 8% profit
Answer» Correct Answer - Option 1 : 10% loss Given: Fruit vendor bought bananas at the rate of 6 bananas for Rs. 5 and sold them at the rate of 4 bananas for Rs. 3 Formula used: Loss percent = (Loss/CP) × 100 Calculation: Number of bananas bought = LCM of (6 and 4) = 24 C.P = (5/6) × 24 = Rs. 20 S.P = (3/4) × 24 = Rs. 18 Loss = 20 – 18 = Rs. 2 Loss percent = (2/20) × 100 = 10%

A fruit vendor bought bananas @ Rs. 5 for 6 and sold 4 bananas for Rs. 3. What is his percentage of profit or loss?1. 10% loss2. 10% profit3. 8% loss4. 8% profit

Answer» Correct Answer - Option 1 : 10% loss

Given:

Fruit vendor bought bananas at the rate of 6 bananas for Rs. 5 and sold them at the rate of 4 bananas for Rs. 3

Formula used:

Loss percent = (Loss/CP) × 100

Calculation:

Number of bananas bought = LCM of (6 and 4) = 24

C.P = (5/6) × 24 = Rs. 20

S.P = (3/4) × 24 = Rs. 18

Loss = 20 – 18 = Rs. 2

Loss percent = (2/20) × 100 = 10%

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A fruit vendor bought bananas @ Rs. 5 for 6 and sold 4 bananas for Rs. 3. What is his percentage of profit or loss?1. 10% loss2. 10% profit3. 8% loss4. 8% profit

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