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Question 71
A vendor buys oranges at the rate of 5 for Rs 6 and sells at the rate of 2 for Rs 3. What will be the result?
Solution
The vendor buys 5 oranges for Rs. 6
=> Cost price of 1 orange = $$\frac{6}{5}$$ = Rs 1.2
He sells 2 oranges for Rs. 3
=> Selling price of 1 orange = $$\frac{3}{2}$$ =Â Rs 1.5
$$\because$$ Selling price is more than Cost price, the vendor earns a profit
=> Profit % = $$\frac{(1.5 - 1.2)}{1.2} \times 100$$
= $$\frac{1}{4} \times 100 = 25\%$$
=> Ans - (B)
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