The cost price of 12 bananas is equal to selling price of 8 bananas. Find profit/loss percent.25% profit50% profit33133313% loss50% loss
Question
Solution 1
The problem states that the cost price of 12 bananas is equal to the selling price of 8 bananas. This implies that the seller is making a profit because they are selling 8 bananas for the price of 12.
Let's assume the cost price of one banana is $1. Therefore, the cost price of 12 bananas is $12.
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