A 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
A 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
Solution
To solve this problem, we first need to determine the cost price and the selling price per banana.
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Cost Price: The vendor buys 4 bananas for Rs.3, so the cost price per banana is Rs.3/4 = Rs.0.75.
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Selling Price: The vendor sells 3 bananas for Rs.4, so the selling price per banana is Rs.4/3 = Rs.1.33 (approximately).
Now, we can calculate the profit percentage using the formula:
Profit % = [(Selling Price - Cost Price) / Cost Price] * 100
Substituting the values we have:
Profit % = [(Rs.1.33 - Rs.0.75) / Rs.0.75] * 100 = 77.7%
So, the vendor makes a profit of 77.7%. Therefore, the correct option is 77.7% profit.
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