a fruit seller bought bananas at rate of
Rs120 per 100 and sell it on the rate of Rs 18 per dozen find the percentage of profit or loss
First , his purchase price:
120 Rs/ 100 bananas = 1.2
Then his selling price:
18 Rs / 12 bananas = 1.5
He is making money each banana costs 1.2 and he sells them for 1.5 (his profit is 1.5 - 1.2)
The percentage profit is:
(1.5 - 1.2)/1.2 x 100 = 25 %
