A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A10
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B15
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C20
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D25
Answer
Correct Answer: 20
Explanation
### Concept & Formula
To find the exact profit percent, establish the cost and selling price per unit.
$$Profit \% = \left( \frac{\text{Profit}}{CP} \right) \times 100$$
### Step-by-Step Solution
* **Given:** Lemons bought at 2 for ₹ 1. Sold at 5 for ₹ 3.
* **Calculation:**
1. CP of 1 lemon = $\frac{1}{2} = \text{₹ } 0.50$
2. SP of 1 lemon = $\frac{3}{5} = \text{₹ } 0.60$
3. Profit per lemon = $0.60 - 0.50 = \text{₹ } 0.10$
4. Profit \% = $\left( \frac{0.10}{0.50} \right) \times 100 = \left( \frac{1}{5} \right) \times 100 = 20\%$
### Exam Strategy & Shortcut
Use the cross-multiplication shortcut for rates:
Buy: 2 qty for 1 ₹
Sell: 5 qty for 3 ₹
CP base = $5 \times 1 = 5$
SP base = $2 \times 3 = 6$
Profit = $6 - 5 = 1$. Profit \% = $\frac{1}{5} \times 100 = 20\%$.
### Common Pitfall
Confusing the quantity and price variables in the cross-multiplication method. Always write Quantity first, then Price, and cross-multiply upwards.
### Final Answer
Therefore, the correct answer is **20**.