Question

A man buys eggs at 55 pence a score. He finds that 10% of the eggs are unsaleable but sells the rest at 60 pence a dozen. Suppose he buys 440 eggs.Find his percentage profit.

Answer 1

Answer:

Percentage Profit is 63.63%

Step-by-step explanation:

The man buys 440 eggs at 55 pence a score

i.e. he buys 20 eggs for 55 pence

He buys 1 egg for 55/20 = 2.75 pence

Therefore, he buys 440 eggs for = 440 × 2.75 = 1210 pence

10% eggs are unsaleable

thus he sold = 440 - 440 × 10/100 = 440 - 44 = 396 eggs

Eggs sold in dozen = 396/12 = 33

He sold 1 dozen for = 60 pence

Thus, he sold 33 dozen for = 33 × 60 = 1980 pence

Profit = 1980 - 1210 = 770 pence

% Profit = (770/1210) × 100 = 63.63%

Hope this helps.