Question

A person buys 6 lemons for 5 rupees and sells 5 lemons for 6 rupees. What is the percentage gain or loss?​

Answer 1

profit = 7.33%

Step-by-step explanation:

Buying cost of 6 lemons = Rs. 5

Buying cost of 1 lemon = 5/6

Selling price of 5 lemons = Rs. 6

Selling price of 1 lemon= Rs. 6/5

profit = 6/5 - 5/6 = 36/30 - 25/30= 11/30

profit percentage = (11/30)/ 5 ×100

= 11/30 × 1/5 ×100 = 7.33%