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