Cost price of 30 eggs is equal to the sale price if 20 eggs .What is the percentage of profit?
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Percentage of profit is 50%
Question: The cost price of 30 eggs is equal to the selling price of 20 eggs. What is the percentage profit?
Solution:
Let the cost price of one egg is Rs. x
Then the cost price of 30 eggs is Rs. 30x
Let the selling price of one egg is Rs. y
Then the selling price of 20 eggs is Rs. 20y
and the selling price of 30 eggs is Rs. 30y
By the given condition,
30x = 20y
or, 3x = 2y
or, y = 3x/2 ..... (1)
Now, profit = Rs. (30y - 30x)
= Rs. {30 (3x/2) - 30x}, by (1)
= Rs. (45x - 30x)
= Rs. 15x
∴ profit% is = profit/cost price * 100%
= 15x/(30x) * 100%
= 50%
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