At the rate of Rs 9per dozen,12dozen eggs are bought.one and half dozen eggs were broken.The rest were sold at Rs.12 per dozen.what was the gain or loss percent
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Hey friend!!!!
I would like you to recall the formula of gain/loss%
[(gain/loss) × 100]÷ Cost Price
so what we have is .......
CP = cost per dozen × no. of dozen
= 9×12
= Rs.108
so..... We are also given that from the 12 dozens, 1 and 1/2 dozen were broken.
now the no. of dozens of eggs left are 10.5.
as we know that the rest was sold @ 12 per dozen.
so total SP= 12×10.5
= Rs.126
Since , SP > CP.... thus the seller gained Profit.
So, Profit = SP-CP
= 126 - 108
= Rs. 18
Now, % of profit = [(Profit) × 100]÷ Cost Price
= [(18)×100]÷108
= 50/3 %
= 16.67%
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