Anoarabibi has sold each dozen lemons at Rs. 42 by buying 10 lemons at Rs. 30. Let us calculate and observe the percentage profit or loss Anoarabibi has made.
Formula used.
Loss/profit percent =
× 100
Cost price of 10 lemons = Rs. 30
Cost price of 1 lemons = Rs. 3
Selling price of 12 lemons = Rs. 42
Selling price of 1 lemons = Rs.
= Rs. 3.5
Total profit = Selling price – Cost price
=3.5 – 3 = 0.5
profit percent =
× 100
=
× 100
= 16
%
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