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Select the correct answerA vendor buys bananas at 4 for Rs.3 and sells at 3 for Rs.4. What will be the result?Options75% profit77.7% profit43.75% loss77.7% loss

Question

Select the correct answerA vendor buys bananas at 4 for Rs.3 and sells at 3 for Rs.4. What will be the result?Options75% profit77.7% profit43.75% loss77.7% loss

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Solution

To solve this problem, we first need to determine the cost price and the selling price per banana.

  1. Cost Price: The vendor buys 4 bananas for Rs.3, so the cost price per banana is Rs.3/4 = Rs.0.75.

  2. Selling Price: The vendor sells 3 bananas for Rs.4, so the selling price per banana is Rs.4/3 = Rs.1.33 (approximately).

  3. Now, we calculate the profit percentage using the formula: Profit % = [(Selling Price - Cost Price) / Cost Price] x 100.

  4. Substituting the values we have: Profit % = [(1.33 - 0.75) / 0.75] x 100 = 77.7% (approximately).

So, the correct answer is 77.7% profit.

This problem has been solved

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