Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A fruitseller buys 10 bananas for Rs. 14 and sells them at 12 for Rs. 15. Find his percentage gain or loss.

10 5/7% gain

10 5/9% loss

10 5/7% Loss

None of these

Let total no of bananas=LCM(10,12)=60

CP of 10 bananas = 14
CP of 60 bananas = 84

sp of 12 bananas = 15
sp of 60 bananas = 75

Loss=9
Loss%=9/84 x 100=75/7=10(5/7) % Loss