Practice mode Profit and Loss

A man buys some bananas at 12 for Rs. 30 and an equal number at 8 for Rs. 30. He sells all of them at 10 for Rs. 30. What is the result?

Correct answer A. Loss of 4%

Explanation

Average CP per banana = (2.50 + 3.75)/2 = Rs. 3.125. SP per banana = Rs. 3. Loss% = 0.125/3.125 × 100 = 4%.

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