A vendor buys lemons at Rs 25 per dozen and sells them at the rate of 5 for Rs 12. Find his gain or loss per cent.
Answers
It is given that a vendor buys lemon at rupees 25 per dozen.
So, 12 lemons cost ₹25
Therefore, 1 lemon would cost ₹25/12
Now,
SP of 5 lemons=₹12
So, SP of 1 lemon=₹12/5
So, here SP>CP, which means that there is a gain/profit.
Now, gain=SP-CP
=₹(12/5-25/12)
=₹19/60
Now, gain%=Gain/CP×100
=19/60/25/12×100
=76/5%
=15.2%
Step-by-step explanation:
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 =