Harish purchased 50 dozen bananas for Rs. 135. Five dozen bananas could not be sold because they were rotten. At what price per dozen should Harish sell the remaining bananas so that he makes a profit of 20%?
Cost price of 50 dozens bananas that Harish purchased, CP =Rs. 135
Bananas left after removing 5 dozen rotten bananas =45 dozens
Effective CP of one dozen bananas =Rs. 13545=Rs. 3
Calculating the price at which Harish should sell each dozen bananas to make a profit of 20%, we get
Profit %=GainCP×100=(SP−CP)CP×100%
20%=SP−33×100%
⇒15=SP−33
⇒3=5SP−15
⇒SP=185=Rs. 3.60
Harish should sell the bananas at Rs. 3.60 a dozen in order to make a profit of 20%.