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Question
Lemons were bought at Rs 48 per dozen and sold at the rate of Rs 40 per 10. Find the gain or loss per cent.
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Solution
Cost of 12 lemons = ₹ 48
∴ Cost of 1 lemon = ₹ `48/12` = ₹ 4 ...[∵ 1 dozen = 12 pieces]
Also, 10 lemons sold by = ₹ 40
∴ Selling price of 1 lemon = ₹ `40/10` = ₹ 4
∴ Cost price of 1 lemon = Selling price of 1 lemon
∴ No profit and no loss.
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Fill up the appropriate boxes in the following table
| SI. No | C.P. in ₹ |
S.P. in ₹ |
Profit in ₹ |
Loss in ₹ |
| (i) | 100 | 120 | ||
| (ii) | 110 | 120 | ||
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