A fruit seller buys oranges at the rate of 2 for a rupee and sells them at the rate of 5 for three rupees. Find his gain percent
Answers
so CP of 1 orange is 1/2.
now SP of 5 oranges is Rs 3
so SP of 1 orange is Rs 3/5.
Now he got profit
profit = 3/5 - 1/2 = 1/10
so profit (gain) % = ( 1/10 * 100)/1/2 = 20%.
The fruit seller's gain percent is 20%
Step-by-step explanation:
Given:
A fruit seller buys oranges at the rate of 2 for a rupee and sells them at the rate of 5 for three rupees. Find his gain percent
Solution:
Cost of 1 orange = 0.5 rupees.
Cost of 5 oranges = 5 0.5 = 2.5 rupees
Selling price of 5 oranges = 3 rupees
Selling price of 1 orange = = 0.6 rupees
Gain = 0.6 – 0.5 = 0.1 rupees
Gain percent = 20%
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