Question

A man bought lemons at 5 for Rs 4 and sold them at 3 for Rs 2. Find his gain or
loss percent.

Answer 1

cp of one lemon=4/5=0.8
sp of one lemon=2/3=0.66
loss=cp-sp
.80-.066=.14
loss percent=.14×100/4
14/4=3.5%

Answer 2

Answer:

Profit

Step-by-step explanation:

because cost price of 5 lemons is Rs 4

cost price of one lemon=

4/5 = 0.8

sell price of one lemon=

2/3 = 0.66

so 0.8 > than 0.6

so loss

LOSS= Cost price - Sell Price

so 0.8 - 0.66= 0.14

loss percent = 14/100 * 100

14/4=3.5%