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Question 3 Shyamala bought 3 kg bananas at ₹30/- per kg. She counted 35 bananas in all. She sells each banana for ₹5/-. How much profit does she make selling all the bananas? Now, Profit = Selling Price – Cost Price Let’s find both separately Cost Price She bought 3 kg bananas at ₹30/- per kg Thus, Cost price = Number of kgs of banana × Price per kg = 3 × 30 = ₹ 90 Selling Price Given that She counted 35 bananas in all. She sells each banana for ₹5 Thus, Selling price = Number of bananas × Price per banana = 35 × 5 = ₹ 175 Now, Profit = Selling Price – Cost Price = 175 – 90 = ₹ 85 Thus, she made ₹ 85 in profit

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 16 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.