You are buying fruits directly from market and selling it to your neighbours,friends and family.last weekend you bought 3 boxes of bananas.each box contained 12 bunches of 12 bananas each.each box cost R75. You managed to sell 80 percent of the bananas at 65c each before the rest were too ripe to sell and you had to throw them away.i made a profit or loss of amount

Question

You are buying fruits directly from market and selling it to your neighbours,friends and family.last weekend you bought 3 boxes of bananas.each box contained 12 bunches of 12 bananas each.each box cost R75. You managed to sell 80 percent of the bananas at 65c each before the rest were too ripe to sell and you had to throw them away.i made a profit or loss of amount

Answer 1

To find out the profit or loss amount, we need to calculate the total cost of buying the bananas and the total revenue from selling them.

The cost of one box of bananas is R75, and you bought 3 boxes, so the total cost is 3 x R75 = R225.

Each bunch of bananas contains 12 bananas, and each box contains 12 bunches, so the total number of bananas in one box is 12 x 12 = 144 bananas.
Therefore, the total number of bananas bought is 3 x 144 = 432 bananas.

You sold 80 percent of the bananas, which is 0.8 x 432 = 345.6 bananas.

You sold each banana at 65c, so the total revenue from selling 345.6 bananas is 345.6 x 65 = R224.64.

To find the profit or loss, we subtract the total cost from the total revenue: R224.64 - R225 = -R0.36.

Therefore, you had a loss of R0.36.