Question

A vendor bought 10 dozen eggs at the rate of ₹22 per dozen.Six of the eggs were rotten. He sold the remaining eggs at the rate of ₹2.50 per egg.Find his profit or loss.

Answer 1

Cost Price of 1 dozen eggs = ₹22

Total cost price of 10 dozen Eggs = ₹22*10 = ₹220

Number of rotten eggs = 6

remaining number of eggs = (10 * 12) - 6 = 114

selling price of one egg = ₹2.50

Therefore S.P. of 114 eggs = 114 * ₹2.50 = ₹285

Profit = S.P. - C.P = ₹285 - ₹220 = ₹65

Answer 2

Total number of eggs purchased = 10 * 12

= 120

Cost of 120 eggs = 22 * 10

Cost of 120 eggs = Rs 220

Egg wasted = 6

No. Of eggs sold = 120 - 6 = 114

SP of 114 eggs = 114 * 2.5

= Rs 285

SP > CP

So, here is Gain

Gain = 285 - 220

= Rs 65