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A fruit vendor bought 500 bananas at Rs 25 per 10 bananas. 200 bananas got spoiled and hence thrown. He sold 12 dozen bananas at the rate of Rs 20 per dozen and the remaining at Rs 3 per banana. What is the approximate profit/loss percent? 
  • a)
    43% loss
  • b)
    52% profit
  • c)
    47% loss
  • d)
    50% profit
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A fruit vendor bought 500 bananas at Rs 25 per 10 bananas. 200 bananas...
Cost Price of bananas = 500 × 25/10 = Rs 1,250
Remaining bananas = 500 – 200 = 300
Selling Price of bananas sold at Rs 20 per dozens = 20 × 12 = Rs 240
Selling Price of bananas sold at Rs 3 per banana = (300 – 12 × 12) × 3 = Rs 468
Total S.P = 240 + 468 = Rs 708
Loss % = [(1250 – 708)/1250] × 100 = 43.36%
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Most Upvoted Answer
A fruit vendor bought 500 bananas at Rs 25 per 10 bananas. 200 bananas...
Solution:
Let's break down the problem step by step to find the profit/loss percentage.

Step 1: Calculate the cost of 500 bananas
The fruit vendor bought 500 bananas at Rs 25 per 10 bananas.
Therefore, the cost of 500 bananas = (500/10) * Rs 25 = Rs 1250.

Step 2: Calculate the cost of 200 spoiled bananas
Out of the 500 bananas, 200 bananas got spoiled and were thrown away.
Therefore, the cost of 200 spoiled bananas = (200/10) * Rs 25 = Rs 500.

Step 3: Calculate the remaining bananas
The remaining bananas after throwing away the spoiled ones would be 500 - 200 = 300 bananas.

Step 4: Calculate the selling price of 12 dozen bananas
The fruit vendor sold 12 dozen bananas at the rate of Rs 20 per dozen.
Therefore, the selling price of 12 dozen bananas = 12 * Rs 20 = Rs 240.

Step 5: Calculate the selling price of the remaining bananas
The fruit vendor sold the remaining 300 bananas at the rate of Rs 3 per banana.
Therefore, the selling price of the remaining bananas = 300 * Rs 3 = Rs 900.

Step 6: Calculate the total selling price
The total selling price would be the sum of the selling price of 12 dozen bananas and the remaining bananas.
Total selling price = Rs 240 + Rs 900 = Rs 1140.

Step 7: Calculate the profit/loss percentage
Profit/loss percentage = ((Total selling price - Total cost price) / Total cost price) * 100

Total cost price = Cost of 500 bananas - Cost of 200 spoiled bananas
Total cost price = Rs 1250 - Rs 500 = Rs 750

Profit/loss percentage = ((Rs 1140 - Rs 750) / Rs 750) * 100
Profit/loss percentage = (Rs 390 / Rs 750) * 100
Profit/loss percentage ≈ 52%
Therefore, the approximate profit/loss percentage is 52% (option B).
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A fruit vendor bought 500 bananas at Rs 25 per 10 bananas. 200 bananas got spoiled and hence thrown. He sold 12 dozen bananas at the rate of Rs 20 per dozen and the remaining at Rs 3 per banana. What is the approximate profit/loss percent?a)43% lossb)52% profitc)47% lossd)50% profitCorrect answer is option 'A'. Can you explain this answer?
Question Description
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