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. Find his gain or loss per cent.

Answer 1

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 %

$= \frac{Profit}{CP} \times 100 \\ \\ = \frac{28}{320} \times 100 \\ \\ = \frac{7}{8} \times 10 \\ \\ = 8.75$

Hence profit is 8.75%

Hope it helps you.

Answer 2

Step-by-step explanation:

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