A vendor buys lemons at 25 per dozen and sells at 5 for 12. His gain p

1.	A vendor buys lemons at 25 per dozen and sells at 5 for 12. His gain per cent is(a) 14.5%(b) 15%(c) 15.2%(d) 16%
Answer» Cost price ( CP) of 1 dozen lemons = Rs 25---( 1 ) Selling price of 5 lemons at the rate of Rs12 Selling price of 12 lemons ( 1 dozen) = ( 12 × 12 ) / 5 = Rs 28.80 ----( 2 ) Now , we know that SP > CP He gets profit or gain. Profit ( g ) = SP - CP =Rs 28.80 - Rs 25 = Rs 3.80 Profit percentage = ( gain × 100 )/CP = ( 3.80 × 100 )/ 25 = 15.2% The vendor gets 15.2% profit. The answer is Option C.

A vendor buys lemons at 25 per dozen and sells at 5 for 12. His gain per cent is(a) 14.5%(b) 15%(c) 15.2%(d) 16%

Answer»

Cost price ( CP) of 1 dozen

lemons = Rs 25---( 1 )

Selling price of 5 lemons at the rate

of Rs12

Selling price of 12 lemons ( 1 dozen)

= ( 12 × 12 ) / 5

= Rs 28.80 ----( 2 )

Now , we know that

SP > CP

He gets profit or gain.

Profit ( g ) = SP - CP

=Rs 28.80 - Rs 25

= Rs 3.80

Profit percentage = ( gain × 100 )/CP

= ( 3.80 × 100 )/ 25

= 15.2%

The vendor gets 15.2% profit.

The answer is Option C.