A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?Options10%20%25%15%
Question
A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?Options10%20%25%15%
Solution
To solve this problem, we first need to determine the cost price and the selling price for a single lemon.
- The cost price of 2 lemons is 1 rupee, so the cost price of 1 lemon is 1/2 = 0.5 rupees.
- The selling price of 5 lemons is 3 rupees, so the selling price of 1 lemon is 3/5 = 0.6 rupees.
Next, we calculate the profit per lemon:
Profit = Selling price - Cost price = 0.6 - 0.5 = 0.1 rupees.
Finally, we calculate the profit percentage:
Profit percentage = (Profit / Cost price) * 100 = (0.1 / 0.5) * 100 = 20%.
So, the fruit seller's profit percentage is 20%.
Similar Questions
A vendor buys bananas at 4 for Rs.3 and sells at 3 for Rs.4. What will be the result?Options75% profit77.7% profit43.75% loss77.7% loss
A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?Options3564
If a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?Options44% profit40 % profit40% loss44% loss
A seller has 230 kg of mangoes which he purchases at rate of Rs. 10 per kg. 20% of total mangoes were rotten in packaging and thrown away. If seller sold half of the remaining mangoes at the rate of Rs. 20 per kg, then at what price (per kg) should seller sell the remaining mangoes to gain a total profit of 15% on the total quantity seller had initially (in Rs. /kg)?
A man purchases some oranges at the rate of 3 oranges for Rs.40 and the same quantity at 5 oranges for Rs.60. If he sells all the oranges at the rate of 3 for Rs.50, find his gain or loss percent (to the nearest integer)?Options32% Profit34% Loss31% Profit31% Loss
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.