A person buys 2 dozen bananas for Rs. 48 and sells them at Rs. 3 per banana. What is the profit percentage? MCQ with Answer and Explanation

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A person buys 2 dozen bananas for Rs. 48 and sells them at Rs. 3 per banana. What is the profit percentage?

A. 25%

B. 50%

C. 40%

D. 33.33%

Answer: Option B

Solution (By JKSSB Mock Tests)

2 dozen = 24, CP per banana = 48/24 = 2, SP = 3, profit = 1, profit% = 1/2*100 = 50%.

This question belongs to: Maths Profit And Loss

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A tradesman marks his goods 25% above the cost price and allows a 10% discount for cash payment. If he earns a profit of Rs. 50, what is the cost price?

A. Rs. 400

B. Rs. 350

C. Rs. 450

D. Rs. 380

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Correct Answer: Option A

Explanation:
Let Cost Price = 100x. Marked Price = 125x. Selling Price = 125x * 0.90 = 112.5x. Profit = 12.5x. 12.5x = 50. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss