Mukesh buys 15 bananas for ₹125 and sells 20 bananas for ₹180. Find the percentage of his profit.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 8%.
CP per banana = 125/15 = ₹8.33
SP per banana = 180/20 = ₹9
Profit per banana = ₹9 − ₹8.33 = ₹0.67
Profit % = (Profit/CP) × 100 = (0.67/8.33) × 100 = 8%