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Lemons are bought at a rate of 4 for Rs 3. At what rate must they be sold to gain 20%.

Asked by Topperlearning User 21st September 2016, 10:13 AM
Answered by Expert
Answer:

C P space o f space 4 space l e m o n s space equals space R s. space 3
C P space o f space 1 space l e m o n space equals space R s 3 over 4
G a i n space equals space space 20 percent sign
S P space o f space 1 space l e m o n space equals space R s space fraction numerator 100 plus space g a i n percent sign over denominator 100 end fraction cross times C P
space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space equals space R s fraction numerator 100 plus 20 over denominator 100 end fraction cross times 3 over 4 equals space R s.120 over 100 cross times 3 over 4 space equals R s.9 over 10
T h e r e f o r e space S P thin space o f space 1 space l e m o n space equals space R s.9 over 10

Answered by Expert 21st September 2016, 12:13 PM
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