A vendor buys lemons at $25 per dozen and sells them at the 5 for $12 .Find his gain or loss per cent.
Answers
Answer:
cost price of 12 lemons ( in dollars ) = 25
therefore , cost price of one lemon(in Rupees) = 25 / 12
hence cost price of 5 lemons = 5*25/12
=125/12
=10.416
Selling price of 5 lemons (in Rupees) = 12
Since the S.P of 5 lemons is more than C.P. hence the vendor has gain.
Therefore ,
Gain % = S.P - C.P/C.P*100
=12 - 10.416/10.416*100
Gain % = 15.2
Hope this helps you !!!
Step-by-step explanation:
- cost of 12 lemon =25$
- in indian currency c.p of lemon = 25/12
- selling price of 5 lemon 12$
- in indian currency = 12₹
_______________________________
so,
cost price of 5 lemon =5×25/12
= 10.41₹
it is clear there is a gain .
________________________________
gain% = s.p-cp/cp×100
= 12-10.41×100
= 12-10.41/10.21×100
= 15.9%
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