The cost of 50 dozens of bananas is ₹2,400 and the transport cost per banana is ₹0.25. The selling price is ₹10 for a pair of bananas. What is the profit percentage (rounded off up to one decimal place)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 17.6%.
Given that
The cost of 50 dozens of bananas is ₹2,400 and the transport cost per banana is ₹0.25
The selling price is ₹10 for a pair of bananas.
Profit = Selling price - Cost price
Profit % = (Profit/Costprice) × 100
Cost price of per banana = 2400/(12 × 50) = ₹4
Net cost price per banana = ₹4 + ₹0.25 = ₹4.25
Net selling price per banana = ₹10/2 = ₹5
Profit = 5 - 4.25 =₹ 0.75
Hence, the profit % = (28.25/48) × 100 = (0.75/4.25) × 100 = 17.6%