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Scholarship-VIIIMathProfit and Loss

A fruit seller purchased 48 dozen bananas at the rate of Rs. 48 per dozen. 1 dozen bananas were spoiled. He sold the remaining bananas at Rs. 72 per dozen. How much profit or loss did he incur in this transaction?

Model Answer & Options

Source: Previous Question Papers

Rs. 1080 loss

Rs. 1080 profit

Rs. 72 loss

Rs. 48 profit

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