Anoarabibi has sold each dozen lemons at Rs 42 buying 10 lemons at Rs 30. let us calculate and observe the percentage profit or loss Anoarabibi has made.
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Answer:
Profit = 16.2/3 %
Step-by-step explanation:
Formula used will be -
Loss/profit percent = Total profit/loss/ cost price × 100
Cost price of 10 lemons = Rs. 30 (Given)
Selling price of 12 lemons = Rs. 42 (Given)
Cost price of 1 lemon = Rs. 30/10 = Rs. 3
Selling price of 1 lemon = 42/12 = Rs. 3.5
Total profit = Selling price – Cost price
= 3.5 – 3 = 0.5
Profit percent = Total profit/ cost price × 100
= 0.5/3× 100
= 16.2/3 %
Thus, Anoarabibi makes a profit of 16.2/3%
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