Question

A Vendor buys lemons at 20 per dozen and sells them at the rate of 2 for 16. Find gain or loss per cent​

Answer 1

Vendor gains a percentage of 860%.

• A vendor buys lemons at 20 Rs. per dozen .
• Cost price of 12 lemons = Rs. 20.
• Selling price of the lemons = 2 for Rs. 16
• Selling price of 2 lemons = Rs. 16
• Selling price of 12 lemons = 12 × Rs. 16 = Rs.192
• As the selling price is greater than the cost price, it is a profit(gain).

Gain = Selling price - Cost price = 192 - 20 = 172

Gain percentage = $\frac{Gain}{Cost \ price}$ × 100

Gain percentage = $\frac{172}{20}$ × 100

Gain percentage = 860%.