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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 | ||
| (iii) | 120 | 20 | ||
| (iv) | 100 | 90 | ||
| (v) | 120 | 25 |
A man purchased a bicycle for Rs 1,040 and sold it for Rs 800. His gain per cent is 30%.
On selling a chair for Rs 736, a shopkeeper suffers a loss of 8%. At what price should he sell it so as to gain 8%?
What price should a shopkeeper mark on an article that costs him Rs 600 to gain 20%, after allowing a discount of 10%
With the decrease in prices of tea by 15% Tonu, the chaiwallah, was able to buy 2 kg more of tea with the same Rs 45 that he spent each month on buying tea leaves for his chai shop. What was the reduced price of tea? What was the original price of tea?
