Question

A vendor bought bananas at $6$ for $₹24$ and sold them at $4$ for $₹20$. Find his gain or loss percent.

Answer 1

STEP 1 : Finding the cost price and selling price of $1$ banana

Cost price of $6$ bananas $=Rs.24$

Cost price of $1$ banana $=\frac{24}{6}=Rs.4$

Selling price of $4$ bananas $=Rs.20$

Selling price of $1$ bananas $=\frac{20}{4}=Rs.5$

STEP 2 : Finding the gain or loss percentage

Since, selling price of $1$ banana is greater than the cost price

Therefore, vendor has gained on selling the bananas

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

Gain percentage $=\frac{5-4}{4}\times 100\%=\frac{100}{4}\%$

Gain percentage $=25\%$

Hence, the vendor gained $25\%$ in selling the bananas.