A shopkeeper bought 500 eggs for Rs 400. 40 eggs of them got broken. He wants to earn a profit of Rs 60. At what price should he sell each egg?
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Given : A shopkeeper bought 500 eggs for Rs 400. 40 eggs of them got broken. He wants to earn a profit of Rs 60.
To Find : At what price should he sell each egg
Solution:
shopkeeper bought 500 eggs for Rs 400
=> Cost price = Rs 400
earn a profit of Rs 60.
Sell price = Cost Price + Profit
=> Sell Price = 400 + 60
=> Sell Price = 460 Rs
40 eggs of them got broken.
Eggs Remaining = 500 - 40 = 460
Sell price of one egg = 460/460 = 1 Rs
he should sell each egg = 1 Rs
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