Bananas were bought at Rs.48 per dozen and sold at the rate of Rs.40 per 10, then what could be the gain or loss percent?

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10% gain

10% loss

20% gain

None of these

answer is D.

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Detailed Solution

It is given that the bananas were bought at Rs.48 per dozen and sold at the rate of Rs.40 per 10.
Therefore we have,
The cost price of bananas for a dozen = Rs.48.
Since 1 dozen bananas = 12 pieces of bananas, then the cost price of 12 bananas = Rs.48.
Therefore the cost price of 1 banana

= Rs 4812 = Rs 4 .

Also, it is given that the bananas were sold at Rs.40 per 10.
Therefore the selling price of 1 banana

= Rs 4010 = Rs 4 .

Thus the selling price of 10 bananas

Rs 4 × 10 = Rs 40 .

As we could clearly see that the cost price of 1 banana is Rs.4 and the selling price of 1 banana is also Rs.4.
That means, the cost price and selling price of 1 banana are the same and so there is no gain or no loss.
Hence, option (4) is correct.

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