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Q.


A vendor buys lemons at ₹25 per dozen and sells them at the rate of 5 for ₹12. His gain percent is ____%.

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Detailed Solution

A vendor buys lemons at ₹25 per dozen and sells them at the rate of 5 for ₹12. His gain percent is 15.2%.
Given that, a vendor buys lemons at ₹25 per dozen and sells them at the rate of 5 for ₹12.
We have the following formula,
Gain % = SPCP CP ×100   To calculate the gain percent, we first find the cost price of one lemon = 25 12   .
Now, the selling price of one lemon = 12 5   .
Apply,
Gain % = SPCP CP ×100  
Gain % = 12 5 25 12 25 12 ×100 = 144125 60 × 12 25 ×100 = 76 5 =15.2%   The correct answer is 15.2%.
 

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