A vendor buys lemons at ₹25 per dozen and Sells ₹115000 on its repairs.
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A vendor lemons at Rs.25 per dozen and sells them at the rate of 5 for Rs.12. Find his gain or loss percent.
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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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