A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?
Question
A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?
Solution
The vendor is buying bananas at a rate of 7 bananas for Rs.6. This means the cost price of each banana for the vendor is Rs.6/7 = Rs.0.857.
The vendor is selling bananas at a rate of 6 bananas for Rs.7. This means the selling price of each banana for the vendor is Rs.7/6 = Rs.1.167.
The vendor's profit per banana is the selling price minus the cost price. So, the profit is Rs.1.167 - Rs.0.857 = Rs.0.31 approximately.
So, the result is that the vendor makes a profit of approximately Rs.0.31 per banana.
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