Ritu purchased 20 dozen bananas at the rate of Rs. 375 per dozen. She sold each one of them at the rate of Rs. 33. What was the percentage profit?
Show Hint
- 12.3%
- 5.6%
- 6.5%
- 10%
The Correct Option is B
Solution and Explanation
Step 1: Calculate the total cost price.
The cost price per dozen bananas is Rs. 375. For 20 dozen bananas, the total cost price is:
\[
\text{Total Cost Price} = 20 \times 375 = 7500.
\]
Step 2: Calculate the total selling price.
The selling price of each banana is Rs. 33. Since there are 20 dozen bananas (240 bananas in total), the total selling price is:
\[
\text{Total Selling Price} = 240 \times 33 = 7920.
\]
Step 3: Calculate the profit.
The profit is the difference between the total selling price and the total cost price:
\[
\text{Profit} = 7920 - 7500 = 420.
\]
Step 4: Calculate the percentage profit.
The percentage profit is given by:
\[
\text{Percentage Profit} = \frac{\text{Profit}}{\text{Cost Price}} \times 100 = \frac{420}{7500} \times 100 = 5.6%.
\]
Step 5: Conclusion.
Thus, the percentage profit is 5.6%, and the correct answer is (b).
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