answerA fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?
Question
answerA fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?
Solution
To calculate the profit percentage, we first need to determine the cost price and the selling price.
Step 1: Calculate the Cost Price The fruit seller buys lemons at 2 for a rupee. So, the cost price of one lemon is 1/2 = 0.50 rupees.
Step 2: Calculate the Selling Price The fruit seller sells lemons at 5 for three rupees. So, the selling price of one lemon is 3/5 = 0.60 rupees.
Step 3: Calculate the Profit The profit is the selling price minus the cost price. So, the profit per lemon is 0.60 - 0.50 = 0.10 rupees.
Step 4: Calculate the Profit Percentage The profit percentage is the profit divided by the cost price, multiplied by 100. So, the profit percentage is (0.10 / 0.50) * 100 = 20%.
So, the fruit seller's profit percentage is 20%.
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