A man buys 1 banana for ₹2 and sells it for ₹3. He repeats this 100 times. Profit = ?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹100.
Profit on 1 banana = 3 − 2 = ₹1
He repeats this 100 times:
Total profit = 100 × 1 = ₹100