If 20 lemons are bought for ₹10 and sold at 5 for three rupees, then ________ in the transaction is ________%. Fill in the blanks to make the statement true.
Solution:
If 20 lemons are bought for ₹10 and sold at 5 for three rupees, then ________ in the transaction is ________%.
We have to fill in the blanks to make the statement true.
According to the question,
CP of 20 lemons = ₹10
SP of 5 lemons = ₹3
SP of 1 lemon = ₹3/5
SP of 20 lemons = ₹3/5 × 20
= 3 × 4
SP of 20 lemons = ₹12
Since CP > SP, it is a profit.
We know, Profit = SP - CP
Profit = 12 - 10
Profit = ₹2
We know, Profit% = Profit/CP × 100
Profit% = 2/10 × 100
= 200/10
= 20%
Therefore, the profit in the transaction is 20%
✦ Try This: If 30 pencils are bought for ₹11 and sold at 6 for five rupees, then ________ in the transaction is ________%. Fill in the blanks to make the statement true.
☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8
NCERT Exemplar Class 7 Maths Chapter 7 Problem 44
If 20 lemons are bought for ₹10 and sold at 5 for three rupees, then ________ in the transaction is ________%. Fill in the blanks to make the statement true
Summary:
If 20 lemons are bought for ₹10 and sold at 5 for three rupees, the profit in the transaction is 20%
☛ Related Questions:
- Narain bought 120 oranges at ₹4 each. He sold 60 % of the oranges at ₹5 each and the remaining at ₹3 . . . .
- A fruit seller purchased 20 kg of apples at ₹50 per kg. Out of these, 5% of the apples were found to . . . .
- Interest on ₹3000 at 10% per annum for a period of 3 years is ________. Fill in the blanks to make t . . . .
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