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Question

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

A
1057% loss
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B
1059% gain
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C
9% gain
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D
21% loss
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E
None of these
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Solution

The correct option is A 1057% loss


% gain or loss =(xwzy1)×100%
=(10×1512×141)×100%=(1501681)×100%=18168×100%=1057%
Since the sign is -ve, since there is a loss of 1057%

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