A shopkeeper purchased the basket of 400eggs out of them 28 eggsrotten the remaining eggs he sold at rupees 48 Per dozen if he gain 4 per cent then find his cost price
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Total number of eggs = 400
Find the total number of eggs left after 28 was rotten:
Total number of eggs = 400 - 28 = 372
Find the selling price:
372 eggs = 372 ÷ 12 = 31 dozens
1 dozen eggs = Rs 48
31 dozen eggs = 48 x 31 = Rs 1488
Find the cost price:
Gain = 4%
Selling Price = 100 + 4 = 104%
104% = Rs 1488
100% = (1488 ÷ 104) x 100
100% = Rs 1430.77
Answer: The cost price is Rs 1430.77
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SHORTCUT:
Selling Price = (400 - 28)/12 x 48 = Rs 1488
Cost Price = 1488/104 x 100 = Rs 1430.77
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