A vendor buys lemons at Rs 25 per dozen ands sells them at the rate of 5 for Rs 12. Find his gain on loss per cent.
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Given
Cost price of per dozen(12) lemons = Rs. 25
Selling price of 5 lemons = Rs. 12
So the selling price of 1 lemon = Rs(12/5)
Now the selling price of 12 lemons = Rs. (12/5 × 12)
= Rs.28.8
Since Selling price (SP) > Cost price (CP)
So it's a gain
Gain = (SP - CP)
Gain = Rs.(28.8 - 25)
Gain = Rs. 3.8
substituting the values we have
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hemanthsistla:
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CP of 12(dozen) lemons = 25
CP of 1 lemon = 25/12
SP of 5 lemons = 12
SP of 1 Lemnon = 12/5
25/12 or 125/60 ∠ 12/5 or 144/60
CP ∠ SP
So gain
144/60 - 125/60 = 19/60
Profit/ CP x 100 = profit percent
19/60 ÷ 125/60 x 100 = 19/125 x 100 = 15.2 %
So he gained by 15.2%
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