What is the Profit Percentage of the Banana vendor?

Dancer_Engineer · 2012-02-12T06:08:34+00:00

A Banana vendor sells 1 banana for 1 rupee. He sells 15 bananas to one person. His profit is 5 rupees. So what is his profit percentage? Think logically while solving this problem. 😛

What is the Profit Percentage of the Banana vendor?

Dancer_Engineer
@dancer-engineer-EJ8rGI

Updated: Oct 26, 2024

Views: 1.1K

A Banana vendor sells 1 banana for 1 rupee. He sells 15 bananas to one person. His profit is 5 rupees. So what is his profit percentage?

Think logically while solving this problem. 😛

0

Replies

Howdy guest!

Dear guest, you must be logged-in to participate on CrazyEngineers. We would love to have you as a member of our community. Consider creating an account or login.

Replies

circularsquare

Member • Feb 12, 2012

33.33 % ?

Are you sure? This action cannot be undone.
Cancel
Dancer_Engineer

Member • Feb 12, 2012

Sure?
Post your reasoning.

Are you sure? This action cannot be undone.
Cancel
circularsquare

Member • Feb 12, 2012

sorry ,answer is 50% .
Cost price = 15 * 1 - 5 = 10
Profit = 5
% profit = 100*profit/cost = 50%

Are you sure? This action cannot be undone.
Cancel
Dancer_Engineer

Member • Feb 12, 2012

Ahh! 😛
Correct. The answer is 50%.

Most of the people get this question wrong in the first attempt. Even I did. 😁

But as I said think logically. Let me give the logical explanation:
Only the banana vendor got it correct. Why? Because the profit is his daily bread. So he thought it logically, rather than applying the formula. He sold 1 banana for 1 rupee. He sold 15 bananas for 15 rupees. His profit is 5 rupees. So out of 15 rupees, his profit is 5 rupees; which means he bought the 15 bananas for 10 rupees and his profit is 5 rupees, i.e. half the price that he bought it for. So his profit is 50%. 😀

Are you sure? This action cannot be undone.
Cancel
circularsquare

Member • Feb 12, 2012

I remember reading a book called Swami and Friends by R K Narayan , have you read it. It is based on life of Swami who is a school kid. He is given a similar problem in exam , and instead of solving it he gets angry because he feels the cost of the bananas is too high. 😀

Are you sure? This action cannot be undone.
Cancel
Dancer_Engineer

Member • Feb 12, 2012

Malgudi Days, right? Yeah, I do remember.

circularsquare
He is given a similar problem in exam , and instead of solving it he gets angry because he feels the cost of the bananas is too high. 😀
Hehe 😁

Are you sure? This action cannot be undone.
Cancel
Bionic

Member • Feb 13, 2012

Yeah that's very correct, lemme put it in a simpler form.

Formula=sellsprice - costprice

profit =5rupee
sellsprice =15
and
costprice =?

5=15-costprice
:. Costprice=10rupee

%profit=profit/costprice*100%
=5/10*100%
=50%
Therefore %profit=50%

Are you sure? This action cannot be undone.
Cancel
Bionic

Member • Feb 13, 2012

Yeah that's very correct, lemme put it in a simpler form.

Formula=sellsprice - costprice

profit =5rupee
sellsprice =15
and
costprice =?

5=15-costprice
:. Costprice=10rupee

%profit=profit/costprice*100%
=5/10*100%
=50%
Therefore %profit=50%

Are you sure? This action cannot be undone.
Cancel
Dancer_Engineer

Member • Feb 13, 2012

Bionic
Yeah that's very correct, lemme put it in a simpler form.

Formula=sellsprice - costprice

profit =5rupee
sellsprice =15
and
costprice =?

5=15-costprice
:. Costprice=10rupee

%profit=profit/costprice*100%
=5/10*100%
=50%
Therefore %profit=50%
Yes, we can find it out with the formula.
But the aim of this puzzle to answer it quickly, more logically.
This is a kind of question that is often asked in entrance exams where we have to solve 1 question in less than 1 minute. If we start solving it with the formula, yeah 3minutes are gone there. 😁

PS: You are posting your comments twice.

Are you sure? This action cannot be undone.
Cancel
Bionic

Member • Feb 14, 2012

PS: You are posting your comments twice.[/quote]

I think its a network problem....
Sorry...

Are you sure? This action cannot be undone.
Cancel
Kaustubh Katdare

Administrator • Feb 14, 2012

Double posts is a known issue. We'll address it in upcoming upgrade.

Are you sure? This action cannot be undone.
Cancel