Question

A fruitseller bought bananas at ₹ 120 per dozen. If he sold each banana at ₹ 15 , what is his profit percent?

• A. 100%
• B. 10%
• C. 50%
• D. 20%

Answer 1

The correct option is C 50%

Cost price of a dozen bananas = ₹120
$\therefore$ Cost price of 1 banana = $\frac{120}{12}$ = ₹10
Selling price of each banana = ₹15
Hence profit on each banana = Selling price - Cost price
= 15 - 10 = 5
Profit percent = $\frac{profit}{costprice}\times 100$
= $\frac{5}{10}\times 100$ = 50%