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Question
A fruit seller bought 2 dozen bananas at ₹ 20 a dozen and sold them at ₹ 3 per banana. Find his gain or loss
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Solution
Cost of one dozen banana = ₹ 20
Cost of 2 dozen bananas = ₹ 20 × 2 = ₹ 40
C.P. = ₹ 40
S.P. per banana = ₹ 3
S.P. for 2 dozen banana = ₹ 3 × 24 = ₹ 72
Here S.P. > C.P.
Profit = S.P. – C.P.
= 72 – 40
= 32
Profit = ₹ 32
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