A vendor bought lemons at 7 for ₹1. How many lemons must he sell for ₹1 to gain 75%?
Given:
The vendor buys lemons at 7 for ₹1.
The vendor wants to gain 75% profit.
Formula Used:
S.P. = C.P. ×
Solution:
Cost Price (C.P.) of 1 lemon = ₹ per lemon
Selling Price (S.P.) for a 75% profit:
S.P. = = ₹ 0.25 per lemon
Number of lemons to sell for ₹1 = = 4
Thus, The vendor must sell 4 lemons for ₹1 to gain a 75% profit
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