a business man bought 5 dozen of eggs at rs.52 per pen dozen.10 eggs were rotten .he sold the remaining eggs at rs.4.50 per egg.
Answers
The businessman incurred a loss percentage of 13.46%
Step-by-step explanation:
Given:
Total number of eggs bought = 5 dozen = 5 x 12 = 60 eggs
Cost of each dozen of eggs = 52
Total cost of the eggs = 52 x 5 = 260
The cost of each egg = 260 / 60 = 4.33
The number of eggs that are broken = 10
The number of eggs remaining intact = 60 – 10 = 50
The total amount he obtained after selling 50 eggs = SP x No. Of eggs
= 4.5 x 50
= 225
Thus, since he obtained a lesser amount than that he had spent, he faced a loss of 260 - 225, i..e, Rs 35
The loss percentage = Loss incurred x 100 / Cost Price
= 35 x 100 / 260
= 13.46%
The businessman incurred a loss percentage of 13.46%