anorabibi has sold each dozen lemons at rs 42 by buying 10 lemons at rs 30.lets calculate and observe the percentage profit or loss Anorabibi has made
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Answer:
Formula used.
Loss/profit percent =
× 100
Cost price of 10 lemons = Rs. 30
Cost price of 1 lemons = Rs. 3
Selling price of 12 lemons = Rs. 42
Selling price of 1 lemons = Rs.
= Rs. 3.5
Total profit = Selling price – Cost price
=3.5 – 3 = 0.5
profit percent =
× 100
=
× 100
= 16
%
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