A person bought bananas at 6 for ₹12 and sold them at 8 for ₹10. Find his gain or loss percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 37.5% loss.
Cost Price of 1 banana = = ₹2
Selling Price of 1 banana = = ₹1.25
Loss per banana = 2 − 1.25 = ₹0.75
Loss% = × 100 = 37.5%