A vendor buys lemons at the rate of 5 for Rs. 7 and sells at Rs. 1.75 per lemon. Find his gain percentage.
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To find the gain %, you will be required to find the gain in rupees. To find the gain in rupees, you will need the cost price and selling price of the item for same quantities.
According to the question,
Cost price of 5 lemons= Rs. 7
So, cost price of 1 lemon= Rs. (7/5)= Rs. 1.40
Selling price of 1 lemon= Rs. 1.75
Profit= Rs. (1.75-1.40)= Rs. 0.35
Profit %= (Profit/C.P)*100
= (0.35/1.40)*100
= 25%
According to the question,
Cost price of 5 lemons= Rs. 7
So, cost price of 1 lemon= Rs. (7/5)= Rs. 1.40
Selling price of 1 lemon= Rs. 1.75
Profit= Rs. (1.75-1.40)= Rs. 0.35
Profit %= (Profit/C.P)*100
= (0.35/1.40)*100
= 25%
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