a vendor buys lemons at rupees 25 per dozen and sells them at the rate of 5 for rupees 12.find his gain or loss percent.
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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%
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