Question

A fruit seller purchases oranges at the rate of 3 for Rs.5 and sells them at 2 for Rs.4. His profit in the transaction is

Answer 1

purchase price of 1 orange is 5/3
profit after sale of 2 oranges is 4-10/3= 2/3
hence profit is 2/3 & 1 orange

Answer 2

Answer:

The profit in the transaction is 20%.

Step-by-step explanation:

It is given that he purchase 3 oranges for Rs.5. so, cost price of 1 orange is

$CP=\frac{5}{3}$

He sell 2 oranges for Rs.5. so, selling price of 1 orange is

$SP=\frac{2}{4}=2$

Profit formula is

$P=\frac{SP-CP}{CP}\times 100$

$P=\frac{2-\frac{5}{3}}{\frac{5}{3}}\times 100$

$P=\frac{\frac{1}{3}}{\frac{5}{3}}\times 100$

$P=\frac{1}{5}\times 100$

$P=20\%$

Therefore the profit in the transaction is 20%.