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A fruit-seller bought bananas at the rat...

A fruit-seller bought bananas at the rate of 3 for Rs. 8 and sold them at the rate of 2 for Rs. 7. Find his gain or loss per cent.

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To solve the problem step by step, we will first find the cost price and selling price of one banana, then calculate the gain, and finally determine the gain percentage. ### Step 1: Find the Cost Price (CP) of One Banana The fruit seller bought 3 bananas for Rs. 8. To find the cost price of one banana, we divide the total cost by the number of bananas. \[ \text{Cost Price of 1 banana} = \frac{8}{3} \text{ Rs.} \] ### Step 2: Find the Selling Price (SP) of One Banana The fruit seller sold 2 bananas for Rs. 7. To find the selling price of one banana, we divide the total selling price by the number of bananas. \[ \text{Selling Price of 1 banana} = \frac{7}{2} \text{ Rs.} \] ### Step 3: Compare Cost Price and Selling Price Now we need to compare the cost price and selling price to determine if there is a gain or loss. - Cost Price (CP) = \( \frac{8}{3} \) - Selling Price (SP) = \( \frac{7}{2} \) To compare, we can convert both to a common denominator or calculate their approximate values: - \( \frac{8}{3} \approx 2.67 \) - \( \frac{7}{2} = 3.5 \) Since \( \frac{7}{2} > \frac{8}{3} \), the selling price is greater than the cost price, indicating a gain. ### Step 4: Calculate the Gain Gain is calculated using the formula: \[ \text{Gain} = \text{Selling Price} - \text{Cost Price} \] Substituting the values: \[ \text{Gain} = \frac{7}{2} - \frac{8}{3} \] To perform this subtraction, we need a common denominator, which is 6: \[ \text{Gain} = \left(\frac{7 \times 3}{2 \times 3}\right) - \left(\frac{8 \times 2}{3 \times 2}\right) = \frac{21}{6} - \frac{16}{6} = \frac{5}{6} \text{ Rs.} \] ### Step 5: Calculate the Gain Percentage The gain percentage is calculated using the formula: \[ \text{Gain Percentage} = \left(\frac{\text{Gain}}{\text{Cost Price}}\right) \times 100 \] Substituting the values: \[ \text{Gain Percentage} = \left(\frac{\frac{5}{6}}{\frac{8}{3}}\right) \times 100 \] To simplify: \[ \text{Gain Percentage} = \left(\frac{5}{6} \times \frac{3}{8}\right) \times 100 = \left(\frac{15}{48}\right) \times 100 = \frac{1500}{48} = 31.25\% \] ### Final Answer The fruit seller has a gain of **31.25%**. ---
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ICSE-PROFIT AND LOSS -EXERCISE 10
  1. Amit bought a calculator for Rs. 960 and sold it for Rs. 1104. Find hi...

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  2. Ankita bought a mobile phone for Rs. 2350 and sold it for Rs. 2538. Fi...

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  3. Ayush bought a bicycle for Rs. 6250 and had to sell it for Rs. 5875. F...

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  4. Aman bought a computer for Rs. 24000 and its accessories pack worth fo...

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  5. A man bought a refrigerator for Rs. 35615 and paid Rs. 125 on its tra...

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  6. By selling a bicycle for Rs. 5670 a trader gains Rs. 270. Find his gai...

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  7. By selling a chair for Rs. 1410 a carpenter suffers a loss of Rs. 90. ...

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  8. A fruit-seller bought bananas at the rate of 3 for Rs. 8 and sold them...

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  9. Lemons are bought at the rate of 3 for Rs. 4. At what rate must they b...

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  10. The selling price of 12 pens is equal to the cost price of 14 pens. Fi...

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  11. The cost price of 12 oranges is equal to the selling price of 15 orang...

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  12. Vinay sold a plot of land for Rs. 143000, gaining 4%. For how much did...

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  13. John sold his T.V. set for Rs. 14100, losing 6%. For how much did he p...

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  14. On selling a bed for Rs. 10800, a carpenter loses 10%. For what amount...

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  15. On selling an almirah for Rs. 20350, a man gains 10%. What per cent do...

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  16. On selling a fan for Rs. 4700, a shopkeeper loses 6%. At what price mu...

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  17. Kamal sold two scooters for Rs. 19800 each, gaining 10% on the one and...

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  18. A buys an article for Rs. 650 and sells it to B at a profit of 20%. B ...

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