A fruit-seller buys lemons at 4 of for a rupee. At what price should he sell them so that he may gain 40%.
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Given A fruit-seller buys lemons at 2 for a rupee
And sells them at 5 for three rupees.
2 lemon - 1 rupee
5 lemon - ? Rupees
Cross multiply => (5×1)/2 = 2.5 rupees
5 lemons cost price is 2.5 rupees and selling price is 6 rupees.
Profit = 2.5 - 3 = 0.5 ₹
Profit percentage = (profit/c.p)×100 = (0.5/2.5)×100
= 500/25 = 20%
Therefore profit % is 20%ep-by-step explanation:
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