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.

(A) 14.9%
(B) 16.3%
(C) 15.4%
(D) 14.28%


Answer: (D)

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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