Sufyan bought 1200 eggs at Rs. 16 a dozen. At what price per hundred must he sell the eggs so as to earn a profit of 15%? AND THE ANSWER GIVEN IS 153.33
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Answer:
1 dozen=12
1200eggs=1200÷12=100dozens
Cost Price(CP) of 100dozen eggs=16×100=1600
Profit%=15%
Selling Price(SP)=CP+P
=1600+15% of 1600
=1600+240
=1840
So, Price per hundred of eggs=1840÷12
=153.33
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