A fruit seller buys apples at 2 for a rupee and sells them at 5 for three rupees. What is his profit percent?
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Answer:
Since, CP of 2 lemons is Rs.1.
Therefore, CP of 1 lemon is =
1
2
= Rs.0.5
SP of 5 lemons is Rs.3.
SP of 1 lemon is =
3
5
= Rs.0.6
Therefore, Gain per cent =
0.6−0.5
0.5
×100
=
0.1×100
0.5
= 20%
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