SOLUTION: a shop keeper buys 30 limes for $4.50. five of the limes were rotten. so he couldn't sell them but he sold the remainder of limes for 25 cents each. find the profit and loss percen

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: a shop keeper buys 30 limes for $4.50. five of the limes were rotten. so he couldn't sell them but he sold the remainder of limes for 25 cents each. find the profit and loss percen      Log On


   

Question 974894: a shop keeper buys 30 limes for $4.50. five of the limes were rotten. so he couldn't sell them but he sold the remainder of limes for 25 cents each. find the profit and loss percentage
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
Sold 25 limes for 0.25 dollar per lime and this revenue was 0.25%2A25=highlight_green%286.25%29 dollars.
No real loss here. The profit was 6.25-4.50=highlight%281.75%29 dollars.

You could check what the revenue would have been if he sold all thirty limes at that same price.
30%2A0.25=highlight_green%287.5%29 dollars for a hypothetical loss of 6.25-7.50=highlight_green%28-1.25%29 dollars.


See I gave dollar values only; not as any percents.