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?Options20%15%10%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?Options20%15%10%25%
Solution
To solve this problem, we first need to determine the cost price and the selling price for a single lemon.
- The cost price for a single lemon is 1/2 = 0.50 rupees (since the fruit seller buys 2 lemons for a rupee).
- The selling price for a single lemon is 3/5 = 0.60 rupees (since the fruit seller sells 5 lemons for three rupees).
Next, we calculate the profit per lemon, which is the selling price minus the cost price:
Profit = Selling price - Cost price = 0.60 - 0.50 = 0.10 rupees
Finally, we calculate the profit percentage, which is (Profit / Cost price) * 100%:
Profit percentage = (0.10 / 0.50) * 100% = 20%
So, the correct answer is 20%.
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