Choose the correct answer.After selling 1 dozen bananas, Akul earns a profit equal to the cost price of 4 bananas. Find profit made by Akul.66236623%14271427%12121212%33133313%
Question
Choose the correct answer.After selling 1 dozen bananas, Akul earns a profit equal to the cost price of 4 bananas. Find profit made by Akul.66236623%14271427%12121212%33133313%
Solution
The problem states that Akul earns a profit equal to the cost price of 4 bananas after selling 1 dozen bananas.
Step 1: Understand the problem A dozen bananas means 12 bananas. So, if Akul sells 12 bananas, the profit he makes is equal to the cost price of 4 bananas.
Step 2: Set up the equation Let's denote the cost price of 1 banana as 'x'. Therefore, the cost price of 12 bananas is '12x'.
Step 3: Calculate the selling price According to the problem, the selling price of 12 bananas is the cost price of 12 bananas plus the profit, which is the cost price of 4 bananas. So, the selling price is '12x + 4x' which equals '16x'.
Step 4: Calculate the profit percentage The profit percentage is calculated as (Profit/Cost Price) * 100. In this case, the profit is the cost price of 4 bananas, which is '4x'. So, the profit percentage is (4x/12x) * 100 = 33.33%.
So, the correct answer is 33133313%.
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