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A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?Options25%15%10%20%

Question

A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is?Options25%15%10%20%

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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 (Profit/Cost Price) * 100. So, the profit percentage is (0.10/0.50) * 100 = 20%.

So, the fruit seller's profit percentage is 20%.

This problem has been solved

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