Question
Question: By selling \(45\) lemons, a vendor loses a sum equal to the selling price of \(3\) lemons. Find his ...
By selling 45 lemons, a vendor loses a sum equal to the selling price of 3 lemons. Find his loss percent?
Solution
For solving this particular question , we will use the concept of Cost price and Selling price , for solving this we must know Loss = Cost Price − Selling Price ( loss is equals to the difference of cost price and the selling price) .
Complete step by step solution:
We know that loss is equals to the difference of cost price and the selling price ,
Mathematically , we can write this as ,
Loss = Cost Price − Selling Price ,
According to the question ,
Loss = Cost Price of 45 lemons − Selling Price of 45 lemons,
We can say that ,
Selling price of 3 lemons = Cost Price of 45 lemons − Selling Price of 45 lemons,
Or
Cost Price of 45 lemons = Selling Price of 45 lemons + Selling price of 3 lemons ,
⇒ Cost Price of 45 lemons = Selling Price of 48 lemons.
Now, let the Cost Price of 1 lemon be rs x .
Then, The Cost Price of 48 lemons will be rs 48x .
And we already know that ,
The Selling Price of 48 lemons is equal to the Cost Price of 45 lemons that is rs 45x .
Thus , the Cost Price of 48lemons is greater than the Selling Price of 48 lemons.
Therefore, there is a loss.
And it is given as ,
loss = Cost Price of 48 lemons − Selling Price of 48 lemons ,
= rs (48x−45x)
= rs (3x)
Loss %=(CPloss×100)%
=(48x3x×100)% =6.25%
Note: Questions similar in nature as that of above can be approached in a similar manner and we can solve it easily. For solving this type of question, we have to consider that loss is equals to the difference of cost price and the selling price , and Loss %=(CPloss×100)% .