A vendor buys lemons at 5 for Rs. 14 and sells them at 4 for Rs. 15. What is the vendor's profit percentage?
Answer and explanation
Correct answer: A. 33.93%
- Step 1: CP of 1 lemon = 14 / 5 = Rs. 2.80.
- Step 2: SP of 1 lemon = 15 / 4 = Rs. 3.75.
- Step 3: Profit per lemon = 3.75 - 2.80 = Rs. 0.95.
- Step 4: Profit % = (0.95 / 2.80) 100% = (95 / 280) 100% ≈ 33.93%.
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