Lemons are bought at the rate of 3 for Rs. 4. At what rate must they be sold to gain 20%.
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Answered by
33
Price of 1 =4/3 To have gain of 1/5=>4/3+4/3*1/5=8/5*3=24/5
Answered by
35
Find the amount of 20% gain:
20% gain = 0.2 x 4 = Rs 0.80
Find the selling price of the 3 lemons:
Selling Price = Cost Price + Profit
Selling Price = 4 + 0.8 = Rs 4.80
Answer: The 3 lemon should be sold at Rs 4.80
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