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By selling 8 bananas, a fruit seller ga...

By selling 8 bananas, a fruit seller gains the selling price of 1 banana. Calculate his gain per cent.

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To solve the problem step by step, we will first identify the key information provided and then calculate the gain percent. ### Step 1: Understand the given information - The fruit seller sells 8 bananas. - The gain from selling these 8 bananas is equal to the selling price of 1 banana. ### Step 2: Define variables Let: - SP = Selling Price of 1 banana - CP = Cost Price of 1 banana - Profit = Selling Price of 1 banana (since the gain is equal to the selling price of 1 banana) ### Step 3: Calculate the total selling price (SP) for 8 bananas The total selling price for 8 bananas is: \[ \text{Total SP} = 8 \times SP \] ### Step 4: Calculate the profit According to the problem, the profit from selling 8 bananas is equal to the selling price of 1 banana: \[ \text{Profit} = SP \] ### Step 5: Use the profit formula The profit can also be calculated using the formula: \[ \text{Profit} = \text{Total SP} - \text{Total CP} \] Where: - Total CP = Cost Price of 8 bananas = \( 8 \times CP \) Thus, we can set up the equation: \[ SP = (8 \times SP) - (8 \times CP) \] ### Step 6: Rearranging the equation Rearranging gives: \[ 8 \times CP = 8 \times SP - SP \] \[ 8 \times CP = 7 \times SP \] ### Step 7: Calculate the cost price (CP) From the equation above, we can find the cost price per banana: \[ CP = \frac{7 \times SP}{8} \] ### Step 8: Calculate the profit percentage The profit percentage is calculated using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] Substituting the values we have: \[ \text{Gain Percentage} = \left( \frac{SP}{CP} \right) \times 100 \] Substituting \( CP \): \[ \text{Gain Percentage} = \left( \frac{SP}{\frac{7 \times SP}{8}} \right) \times 100 \] This simplifies to: \[ \text{Gain Percentage} = \left( \frac{8}{7} \right) \times 100 \] \[ \text{Gain Percentage} = \frac{800}{7} \] Calculating this gives approximately: \[ \text{Gain Percentage} \approx 114.29\% \] ### Final Answer The gain percentage of the fruit seller is approximately **114.29%**. ---
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ARIHANT SSC-PROFIT, LOSS AND DISCOUNT-EXERCISE (LEVEL 2)
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  3. Rahul went to purchase a Nokia mobile handset, the shopkeeper told him...

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  4. When a bicycle manufacture reduced its selling price by 50%, the numbe...

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  5. A trader marks his good such that he can make 32% profit after giving ...

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  6. . A retailer bought 3850 linc pens and 1848 cello pens at the same pri...

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  7. The ratio of selling price of 3 articles A, B, C is 8 : 9 : 5 and rati...

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  8. Anna sold his car to Boney at a profit of 20% and Boney sold it to Cha...

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  9. In an office the-number of employes reduces in the ratio of 3:2 and th...

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  10. I asked the shopkeeper the price of a wrist watch. I found that I had ...

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  11. A and B are two parthners and they have invested Rs. 54,000 and Rs.90...

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  12. A trader sells goods to a customer at a profit of k% over the cost pri...

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  13. A trader sells two brands of petrol, one is Extra Premium (EP) and oth...

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  14. A,B and C invest in the ratio of 3: 4: 5. The percentage of return on ...

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  15. Ajay bought a motor cycle for ₹ 50,000.2 years later he soldit to bijo...

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  16. Kamal bought a house in Sushant city, whose sale price was ₹ 8 lakh. H...

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  17. I wanted to purchase 10 chairs for the class room whose cost was ₹ 200...

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  18. The cost of servicing of a maruti car at Maruti care Pvt. Ltd. is ₹ 40...

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  19. The cost price of an article is C and the selling price of the same ar...

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  20. C.P. of 12 oranges is equal to S.P. of 9 oranges and discount of 10 or...

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  21. A car mechanic purchased four old cars for ₹ 1 lakh. He spent total 2....

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