Question

A fruit vendor buys pineapples in boxes of 60 for 18,000. He sells them at 5,400 per dozen. Did he make a profit or loss? What was the profit or loss as a percentage of the cost price?

Answer 1

The fruit vendor made a profit of $150 per pineapple, which is 50% of the cost price.

Step-by-step explanation:

In order to determine whether the fruit vendor made a profit or loss, we need to compare the cost price with the selling price. The vendor buys pineapples in boxes of 60 for $18,000, which means the cost price per pineapple is $18,000/60 = $300. He sells them at $5,400 per dozen, which means the selling price per pineapple is $5,400/12 = $450.

Profit or loss = Selling price - Cost price = $450 - $300 = $150

So the fruit vendor made a profit of $150 per pineapple.

To calculate the profit or loss as a percentage of the cost price, we use the formula:

Profit or loss percentage = (Profit or loss / Cost price) x 100

Profit or loss percentage = ($150 / $300) x 100 = 50%