a vendor purchase egg at rupees 16 per dozen and sold them at 10 for rupees 18 find his gain or loss percent with the help of formula of percentage
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Step-by-step explanation:
1 dozen = 12
Cost price of 12 eggs = 16
So, Cost price of 1 eggs = 16/12
S. P of 10 eggs = 18
So, S. P of 1 eggs = 18/10
Here, C. P > S. P
So, gain = C. P - S. P
= 16/12 - 18/10
= 80 - 72/60
= 8/60
Therefore, gain % = gain / C. P × 100
= 8/60÷16/12 ×100
= 8/60×12/16 ×100
= 10%
Hence, gain per cent is 10%.
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