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Question 90
A vendor buys some lemons at the rate of 11 for Rs 10 and sells at the rate of 4 for Rs 5. What will be the result?
Solution
The vendor buys 11 lemons for Rs. 10
=> Cost price of 1 lemon = $$\frac{10}{11}$$ = Rs 0.90
He sells 4 lemons for Rs. 5
=> Selling price of 1 lemon = $$\frac{5}{4}$$ =Â Rs 1.25
$$\because$$ Selling price is more than Cost price, the vendor earns a profit
=> Profit % = $$\frac{(1.25 - 0.90)}{0.90} \times 100$$
= $$37.5\%$$
=> Ans - (C)
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