A person bought bananas at 6 for ₹12 and sold them at 8for₹10. Find his gain or loss percentage?
- A3.75% gain
- B37.5% loss
- C375% gain
- D0.375% loss
Solution & Step-by-step Explanation
First, find the Cost Price (CP) and Selling Price (SP) for a single banana:
CP of 1 banana=
6
12
=₹2
SP of 1 banana=
8
10
=₹1.25
Since SP
Loss=CP−SP=2−1.25=₹0.75
Now, calculate the loss percentage:
Loss Percentage=(
CP
Loss
)×100
Loss Percentage=(
2
0.75
)×100=0.375×100=37.5%
So, there is a 37.5% loss.
CP of 1 banana=
6
12
=₹2
SP of 1 banana=
8
10
=₹1.25
Since SP
Loss=CP−SP=2−1.25=₹0.75
Now, calculate the loss percentage:
Loss Percentage=(
CP
Loss
)×100
Loss Percentage=(
2
0.75
)×100=0.375×100=37.5%
So, there is a 37.5% loss.