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Select the correct answerA fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?Options15%10%20%25%

Question

Select the correct answerA fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?Options15%10%20%25%

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Solution

To solve this problem, we first need to determine the cost price and the selling price for a single lemon.

  1. The cost price of 2 lemons is 1 rupee, so the cost price of 1 lemon is 1/2 = 0.5 rupees.
  2. 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 correct answer is 20%.

This problem has been solved

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