Lemons were bought at Rs 60 a dozen and sold at the rate of Rs 40 per 10. Find the gain or loss per cent

Solution:

Cost Price(CP) of one lemon = 60/12 = Rs. 5/lemon

Selling Price(SP) of one lemon = 40/10 = Rs. 4/lemon

Loss Percent = [(Selling Price - Cost Price)/Cost price] 100 = [(4 - 5)/5] 100

Loss Percent = (1/5) 100 = 20%

✦ Try This: Lemons were bought at Rs 48 a dozen and sold at the rate of Rs 40 per 8. Find the gain or loss per cent.

Cost Price(CP) of one lemon = 48/12 = Rs. 4/lemon

Selling Price(SP) of one lemon = 40/8 = Rs. 5/lemon

Gain Percent = [(Selling Price - Cost Price)/Cost price] 100 = [(5 - 4)/4] 100

Gain Percent = (1/4) 100 = 25%

☛ Also Check: NCERT Solutions for Class 8 Maths Chapter 13

NCERT Exemplar Class 8 Maths Chapter 10 Sample Problem 13

Lemons were bought at Rs 60 a dozen and sold at the rate of Rs 40 per 10. Find the gain or loss per cent

Summary:

Lemons were bought at Rs 60 a dozen and sold at the rate of Rs 40 per 10. The loss per cent is 20%

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