Question

Jyotsana bought 400 eggs at Rs8.40 a dozen. At what price per hundred must she sell them so as to earn a profit of 15%?

Answer 1

Answer:

Rs. 80.50

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Step-by-step explanation:

Cost of eggs per dozen = Rs. 8.40

Cost of 1 egg = 8.40/12 = Rs. 0.7

Cost of 400 eggs = 400 × 0.7 = Rs. 280

Calculating the price at which Jyotsana should sell the eggs to earn a profit of 15%, we get

15% of 280 + 280

= {(15/100) × 280} + 280 = {4200/100} + 280 = 42 + 280 = Rs. 322

So, Jyotsana must sell the 400 eggs for Rs. 322 in order to earn a profit of 15%.

Therefore, the SP per one hundred eggs = Rs. 322/4 = Rs. 80.50