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A man buys lemons at 6 for Rs. 10 and sells at 8 for Rs. 15. Find his gain percent. |
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Answer» Given that he buys lemons at 6 for 10. Then the cost price of 1 lemon = 10/6 = 1.6 Given that he sells at 8 for 15. Then the selling price of 1 lemon = 15/8 = 1.8 We know that Gain = Selling price - cost price = 1.8 - 1.6 = 0.2. We know that Gain% = Gain * 100/CP = (0.2 * 100)/ 1.6 = 12.5%. Therefore the gain % = 12.5. |
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