Knowee
Questions
Features
Study Tools

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%

🧐 Not the exact question you are looking for?Go ask a question

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 for a single lemon is 1/2 = 0.50 rupees (since the fruit seller buys 2 lemons for a rupee).
  2. 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%.

This problem has been solved

Similar Questions

Select the correct answerA vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?Options3564

Select the correct answerA vendor buys bananas at 4 for Rs.3 and sells at 3 for Rs.4. What will be the result?Options75% profit77.7% profit43.75% loss77.7% loss

Select the correct answerIf a man purchase 12 mangoes for Rs 10 and sells 10 Mangoes for Rs 12. How much profit or loss does he make?Options40% loss44% loss44% profit40 % profit

Select the correct answerIf a vendor sells a coconut at Rs.14.4 he makes 10% loss. If he wants to make 25% profit,then at what price (in Rs) should he sell?Options18162220

Select the correct answerA person bought some oranges at the rate of 3 per rupee. He bought the same number of oranges at the rate of 2 per rupee. He mixes both the types and sells at 5 for rupees 2. In this business he bears a loss of Rs 4. Find out how many oranges he bought in all?Options120 oranges240 oranges180 orangesCan’t be determined

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.