Mr. Ravi bought 312 eggs at Rs. 16 per dozen. From which 12 eggs were broken and 12 eggs were rotten. What would be his profit or loss if he sells remaining eggs at Rs. 25 per dozen ?
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There will be a profit of 184 Rs.
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Answer: 184
Step-by-step explanation:
convert 312 eggs into dozens by dividing it with 12.
312/12=26
now, he brought 312 eggs at the Cost Price(C.P.) of rs. 16 per dozen eggs
According to this, cost price (C.P.)of 26 dozens eggs is- 26*16=416
Total cost price is Rs. 416
now, 1 dozen is broken and 1 dozen is rotten so 2 dozens are useless eggs
therefore, he have 24 dozens eggs left.
he sold the eggs at the price of Rs. 25 per dozen
Total Selling Price(S.P.) of 24 dozen eggs = 24*25=600
since, Cost Price(C.P.) is less than SP he had a profit
profit = S.P. - C.P.
profit = 600 - 416 = 184
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