Question

4 Lemons were bought at Rs. 3. 5 Lemons were sold at Rs. 4 . What was the gain or loss per cent?

• A. $5.67\%$
• B. $6.67\%$
• C. $7.67\%$
• D. $8.67\%$

Answer 1

The correct option is B $6.67\%$

$C.P$ for $1$ Lemon = $\frac{3}{4}Rs.$

$=0.75Rs.$

$S.P$ for $1$ Lemon = $\frac{4}{5}Rs.$

$=0.8Rs$

$\therefore$ profit $\%=\frac{0.8-0.75}{0.75}\times 100$

$=\frac{0.05}{0.75}\times 100$

$\therefore$ profit $\%=\frac{1}{15}\times 100$

$\therefore$ profit $\%=6.67\%$