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A vendor buys bananas at 9 for Rs 8 and ...

A vendor buys bananas at 9 for Rs 8 and sells at 8 for Rs 9. What will be the profit or loss (in%) ?

A

13.28% profit

B

26.56% loss

C

26.56% profit

D

13.28% loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the cost price (CP) and selling price (SP) of the bananas, and then calculate the profit or loss percentage. ### Step 1: Calculate the Cost Price (CP) The vendor buys bananas at 9 for Rs 8. - Therefore, the cost price for 9 bananas = Rs 8. - To find the cost price per banana, we divide the total cost by the number of bananas: \[ \text{CP per banana} = \frac{8}{9} \text{ Rs} \] ### Step 2: Calculate the Selling Price (SP) The vendor sells bananas at 8 for Rs 9. - Therefore, the selling price for 8 bananas = Rs 9. - To find the selling price per banana, we divide the total selling price by the number of bananas: \[ \text{SP per banana} = \frac{9}{8} \text{ Rs} \] ### Step 3: Calculate the Profit or Loss Now, we need to find the profit or loss per banana by subtracting the cost price from the selling price: \[ \text{Profit per banana} = \text{SP} - \text{CP} = \frac{9}{8} - \frac{8}{9} \] To perform the subtraction, we need a common denominator. The least common multiple of 8 and 9 is 72. - Convert \(\frac{9}{8}\) to a fraction with a denominator of 72: \[ \frac{9}{8} = \frac{9 \times 9}{8 \times 9} = \frac{81}{72} \] - Convert \(\frac{8}{9}\) to a fraction with a denominator of 72: \[ \frac{8}{9} = \frac{8 \times 8}{9 \times 8} = \frac{64}{72} \] Now we can subtract: \[ \text{Profit per banana} = \frac{81}{72} - \frac{64}{72} = \frac{17}{72} \text{ Rs} \] ### Step 4: Calculate the Profit Percentage To find the profit percentage, we use the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 \] Substituting the values we have: \[ \text{Profit Percentage} = \left( \frac{\frac{17}{72}}{\frac{8}{9}} \right) \times 100 \] First, we simplify the fraction: \[ \frac{\frac{17}{72}}{\frac{8}{9}} = \frac{17}{72} \times \frac{9}{8} = \frac{17 \times 9}{72 \times 8} = \frac{153}{576} \] Now, we can calculate the profit percentage: \[ \text{Profit Percentage} = \frac{153}{576} \times 100 \approx 26.56\% \] ### Conclusion The vendor makes a profit of approximately **26.56%**. ---
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