A grocer bought 20 dozen eggs at? 16 per dozen. Out of these, 8 eggs were found to be
broken. He sold the remaining at? 1.50 per egg. Find his gain or loss per cent.
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Answers
Answer:
profit/gain percent is 8.75%
Step-by-step explanation:
According to the question,A grocer bought 20 dozen eggs at ₹16 per dozen. Out of these 8 eggs were found to be broken. He sold the remaining at ₹ 1.50 per egg.To find his gain or loss per cent.
Step 1: Find COST PRICE
cost of 1 dozen egg =₹16
Cost of 20 dozen egg = 20×16=₹320
Total eggs bought = 20×12 = 240 eggs
out of which 8 were broken
eggs left with the grocer= 240-8=232 eggs
Step2: Find Selling price
SP of 1 egg = ₹ 1.50
SP of 232 eggs = 232×1.50= ₹ 348
Step 3: Find Profit
Profit = SP-CP= 348-320=₹ 28
Step4 : Finding profit/gain %
= profit/ CP ×100
=28/320×100
=⅞×10
=8.75
Hence profit is 8.75%
Hope it helps you
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Answer:
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