A vendor buys lemons at rs 25 per dozen and sells them at the rate for rs 12.Find his gain or loss per cent.
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Correct Question:-
A vender buys lemons at rs 25 per dozens and sells them at the rate of 5 for rs 12. Find his gain loss per cent.
AnswEr:-
Cost Price of 12 lemons = 25 Rs.
Now,Cost Price of 1 lemon =
So, Cost Price of 5 lemons
Hence, Cost Price of 5 lemons is 10.416.
Selling Price of 5 lemons at the rate of = 12 Rs.
Here, we can see that Selling Price of lemons is more than the Cost Price which means there is a Gain/ profit.
Since,
Profit Percentage =
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