a man buy some lemons at the rate of 3 for Rs 2 and an equal numbers at the rate of 4 for 3 .he sell them at the ratio 5 for Rs 4 what is gain or losse percent
Answers
Answered by
1
Find the cost of 1 lemon:
Total lemon = 3 + 4 = 7
Total cost = 2 + 3 = Rs 5
7 lemons = Rs 5
1 lemon = Rs 5/7
Find the selling price if 1 lemon:
5 lemons = Rs 4
1 lemon = Rs 4/5
Find the profit/loss percentage:
5/7 < 4/5 ⇒ It is a profit
Profit = Selling Price - Cost Price
Profit = 4/5 - 5/7 = Rs 3/35
Profit percentage = (profit ÷ cost price) x 100
Profit Percentage =( 3/35 ÷ 5/7 ) x 100 = 12%
Answer: He makes 12% profit.
Similar questions