Question

Lemons are bought by a vegetable vendor at the rate of 16 for 24 and sold at 9 for 27 What
is the profit or loss per cent​

Answer 1

Cost of 16 lemons = ₹ 24

So, cost of 1 lemon = ₹ (24/16) = ₹ (3/2)

Selling price of 9 lemons = ₹ 27

So, selling price of 1 lemon = ₹ (27/9) = ₹ 3

Since, SP > CP, there is gain.

Profit = ₹ {3-(3/2)}

= ₹ (6-3)/2

= ₹ 3/2

Profit% = (Profit/CP × 100) %

= (3/2 ÷ 3/2 × 100) %

= (3/2 × 2/3 × 100) %

= 100 %

Hence, the profit per cent is 100 %.