Question

A man bought bananas at $6$ for Rs. $10$ and sold them at $4$ for Rs. $6$. Find his gain or loss percent.

• A. $1\%$
• B. $10\%$
• C. $15\%$
• D. $20\%$

Answer 1

The correct option is B $10\%$

CP of 6 banana $=10Rs.$

CP of 1 banana $=\frac{10}{6}Rs.=1.667Rs.$

SP of 4 banana $=6Rs.$

SP of 1 banana $=\frac{6}{4}Rs.=1.5Rs.$

Since CP of 1 banana greater than SP of 1 banana.

Therefore,

$Loss\%=\frac{CP-SP}{CP}\times 100$

$=\frac{1.667-1.5}{1.667}\times 100=10\%$