A merchant buys 16 sweet lime fruit for Rs 24 and sells them at the rate of Rs 18 for 8. What is the percentage of profit
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Answer:
Hi friends
Step-by-step explanation:
cost price(c.p) of one fruit = 24/16
(c.p) = Rs 1.50
selling price(s.p) of one fruit = 18/8
(s.p) =Rs 2.25
profit for one fruit = 2.25 - 1.50 = 0.75
cost price
profit % = ----------- * 100
0.75
= ------- * 100
1.50
= 50%
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