2023 · Q13
Twelve percent of bananas bought by a fruit vendor got lost during transportation. On selling the remaining bananas, the vendor's overall profit turned out to be 4%. If the vendor had not lost any bananas and had sold them at the price of the remaining bananas, what would have been his profit percentage?
Elementary MathematicsPercentages
- A81/9%
- B91/11%
- C182/11%
- DNone of the above
Explanation
Take the cost as Rs 100 for 100 bananas. Twelve are lost; selling the remaining 88 at 4% overall profit gives revenue Rs 104, i.e. Rs 104/88 = Rs 13/11 per banana. Selling all 100 at this price yields Rs 1300/11 against Rs 100 cost, a profit of Rs 200/11 = 18⅔% (C).