Quantitative Aptitude Ques 841

Question: A fruit seller buys lemons at 2 at Rs. 1 and sells them at 5 for Rs. 3. His profit per cent is

Options:

A) 10

B) 15

C) 20

D) 25

Show Answer

Answer:

Correct Answer: C

Solution:

  • Cost price of one lemon $ =Rs\text{.}\frac{1}{2} $ Selling price of one lemon $ =Rs\text{.}\frac{3}{5} $ Profit $ =SP-CP=\frac{3}{5}-\frac{1}{2}=\frac{6-5}{10}=\frac{1}{10} $ Profit% $ =\frac{Profit\times 100}{CP}=\frac{\frac{1}{10}\times 100}{1/2}=20% $ Alternate Method Suppose number of lemons bought = LCM of 2, 5 and 3 = 30

$ \therefore $ $ CP=Rs\text{.}( \frac{1}{2}\times 30 )=Rs\text{.15} $ $ SP=Rs\text{.}( \frac{3}{5}\times 30 )=Rs\text{.18} $ $ Profit=Rs.3 $ $ Profit=\frac{3\times 100}{15}=20% $