A man buys lemon at 6 for rs 10 and sells at 8 for rs.15 find his gain percent
Figure the price per lemon
divide the selling price by the cost
(15/8) / (10/6) = 9/8 = 1.125 or a 12.5% profit
A man buys a man buys lemons at 6 for rupees 10 and sells at 8 f o r Rupees 15 find his gain percent
To find the gain percentage of the man, we need to calculate the profit he made first. Let's break it down step by step:
Step 1: Calculate the cost price of one lemon.
The man buys 6 lemons for Rs. 10, so the cost price of each lemon can be calculated by dividing the total cost by the total number of lemons.
Cost price of one lemon = Rs. 10 / 6 = Rs. 5/3
Step 2: Calculate the selling price of one lemon.
The man sells 8 lemons for Rs. 15, so the selling price of each lemon can be calculated by dividing the total selling price by the total number of lemons.
Selling price of one lemon = Rs. 15 / 8 = Rs. 15/8
Step 3: Calculate the profit made on one lemon.
Profit = Selling price - Cost price
Profit = (15/8) - (5/3) = (45 - 40) / 24 = 5/24
Step 4: Calculate the gain percentage.
Gain percentage = (Profit / Cost price) * 100
Gain percentage = (5/24) / (5/3) * 100 = (5/24) * (3/5) * 100 = (1/8) * 100 = 12.5%
Therefore, the man's gain percentage is 12.5%.