QA – Placement Quizzes | Profit and Loss | Question 13
By selling 8 bananas a fruit seller gains the selling price of 1 banana. Calculate his profit percent.
Explanation: That means when he sells 8 bananas, he gets in return as a profit => overall he sold 7 (8 sold -1 received)
Let CP of 1 banana = x Rs
Means CP of 7 banana will be 7x Rs
SP of 8 bananas = 8x
Profit = 8x-7x = x
Profit% = (x/7x) * 100 = 14.2857%
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