Question

A vendor buy 3 dozen oranges at Rs 25 per dozen and sales them at 5 for Rs 12. Find his gain percent.
pls explain step by step ​

Answer 1

Cost price of 12 lemons =Rs.25

Then, cost price of1 lemon =Rs.(25/12)

Cost price of 5 lemons =(25/12)×5

=25/12

=Rs.10.42

He sold 5 lemons for =Rs.12=Selling price

By comparing SP and CP=SP>CP, so there is a gain

Gain =SP−CP

=12−10.42

=Rs.1.58

Gain %={(gain/CP)×100}

={(1.58/10.42)×100}

={15800/1042}

=15.2%

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