A vendor buys bananas at 9 for Rs 8 and sells at 8 for Rs 9. What will be the profit or loss (in %)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 26.56% profit
CP = 8 (for 9 bananas)
CP (for 1 banana) = 
= 0.89
SP = 9 (for 8 bananas)
SP = = 1.125
Profit % = 
= 26.56% profit