A fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percent is
A)10%
B)15%
C)20%
D)25%

Question

Quizplus · Accepted Answer

The cost price of 1 lemon is 0.5 rupees (since 2 lemons cost 1 rupee). The selling price of 1 lemon is 0.6 rupees (since 5 lemons sell for 3 rupees, making each lemon 3/5 rupees). The gain per lemon is 0.1 rupees (0.6 - 0.5), which is a 20% gain on the cost price (0.1/0.5 * 100).

A Fruit Seller Buys Lemons at 2 for a Rupee