Question

6. A vendor buys lemons at 25 per dozen and sells them at the rate of 5 for 12. Find his gain
or loss per cent.
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Answer 1

Answer:

Then, cost price of 1 lemon = ₹ (25/12) Cost price of 5 lemons = (25/12) × 5 = 125/12 = ₹ 10.42 He sold 5 lemons for = ₹12 =Selling price By comparing SP and CP = SP > CP, so there is a gain Gain = SP – CP = 12 – 10.42 = ₹ 1.58 Gain % = {(gain/CP) × 100} = {(1.58/10.42) × 100} = {15800/1042} = 15.2%