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A vendor buys bananas at 4 for Rs 3 and ...

A vendor buys bananas at 4 for Rs 3 and sells at 3 for Rs 4. What will be the result?

A

43.75% profit

B

77.7% loss

C

77.7% profit

D

43.75% loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first determine the cost price (CP) and selling price (SP) of one banana, then calculate the profit and profit percentage. ### Step 1: Calculate the Cost Price (CP) of one banana The vendor buys 4 bananas for Rs 3. To find the cost price of one banana, we can use the formula: \[ \text{Cost Price of one banana} = \frac{\text{Total Cost}}{\text{Number of Bananas}} = \frac{3}{4} \text{ Rs} \] ### Step 2: Calculate the Selling Price (SP) of one banana The vendor sells 3 bananas for Rs 4. To find the selling price of one banana, we can use the formula: \[ \text{Selling Price of one banana} = \frac{\text{Total Selling Price}}{\text{Number of Bananas}} = \frac{4}{3} \text{ Rs} \] ### Step 3: Calculate the Profit Profit can be calculated using the formula: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] Substituting the values we found: \[ \text{Profit} = \frac{4}{3} - \frac{3}{4} \] To perform this subtraction, we need a common denominator. The least common multiple of 3 and 4 is 12. Converting both fractions: \[ \frac{4}{3} = \frac{16}{12} \quad \text{and} \quad \frac{3}{4} = \frac{9}{12} \] Now, substituting back into the profit formula: \[ \text{Profit} = \frac{16}{12} - \frac{9}{12} = \frac{7}{12} \text{ Rs} \] ### Step 4: Calculate the Profit Percentage Profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{\frac{7}{12}}{\frac{3}{4}}\right) \times 100 \] To simplify \(\frac{7}{12} \div \frac{3}{4}\), we multiply by the reciprocal: \[ \frac{7}{12} \times \frac{4}{3} = \frac{7 \times 4}{12 \times 3} = \frac{28}{36} = \frac{7}{9} \] Now, substituting back into the profit percentage formula: \[ \text{Profit Percentage} = \frac{7}{9} \times 100 \approx 77.78\% \] ### Final Result The vendor makes a profit of approximately **77.78%**. ---
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