Question

A man buys 11 lemons for ₹.10 and sell 10 lemon for₹.11. What is the gain percent​

Answer 1

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Given,

Cost price of 11 lemons = 10

Cost price of 1 lemon = 10 / 11

S. P. of 10 lemons = 11

S. P of 1 lemons = 11 / 10

So Profit= S.P - C.P

Profit = 11 / 10 - 10 / 11

Profit = 121 - 100 / 110

Profit = 21 / 110

We know, Gain % = Profit * 100 ÷ C. P

Gain % = 21 ÷ 100 × 100 * 11 ÷ 10

Gain % = 2.1 * 11

Gain % = 23.1%

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