Question

A vendor by banana at Rs 25 per dozen and sells them at the rate of 5 for Rs 12.find profit and loss percent

Answer 1

Answer:

Cost price of 12 lemons =Rs.25

Then, cost price of1 lemon =Rs.(25/12)

Cost price of 5 lemons =(25/12)×5

=25/12

=Rs.10.42

He sold 5 lemons for =Rs.12=Selling price

By comparing SP and CP=SP>CP, so there is a gain

Gain =SP−CP

=12−10.42

=Rs.1.58

Gain %={(gain/CP)×100}

={(1.58/10.42)×100}

={15800/1042}

=15.2%