Rashmi purchased 50 dozens bananas for ₹ 150. Five dozens of bananas could not be sold because they were rotten. At what price per dozen should Rashmi sell the remaining bananas so that she makes a profit of 20%?
A
₹ 2
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B
₹ 3
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C
₹ 4
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D
₹ 5
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Solution
The correct option is C ₹ 4 Given that, Total number of bananas = 50 dozens Number of bananas which were rotten = 5 dozens Cost price of 50 dozens bananas (C.P) = ₹ 150 Bananas left after removing rotten bananas = 50 - 5 = 45 Price at which Rashmi should sell 45 dozen bananas to make a profit of 20%, ProfitPercent=ProfitC.P×100 20=Profit150×100 Profit = ₹ 30 Profit = S.P - C.P 30 = S.P - 150 S.P = ₹ 180 S.P of 45 dozens of bananas = ₹ 180 S.P of 1 dozens of bananas =₹18045 = ₹ 4