The selling price of 40 eggs is equal to the cost price of 60 eggs. Find the gain percent. *
Answers
Step-by-step explanation:
SP of 40 eggs = CP price of 60 eggs
Let CP of 1 egg = x
So
SP of 40 eggs = 60x
SP of 1 egg = 6x/4
Gain = SP - CP = 6x/4 - x = x/2
Gain % = gain/CP × 100
= 50 %
Given:
✰ The selling price of 40 eggs is equal to the cost price of 60 eggs.
To find:
✠ The gain percent.
Solution:
Let the selling price of 40 eggs be Rs 600.
➛ Selling price of 1 egg = 600/40 = Rs 15
➛ Cost price of 60 eggs = Rs 600
➛ Cost price of 1 egg = 600/60 = Rs 10
Now,
We have:
➛ Cost price = Rs 10
➛ Selling price = Rs 15
We know that:
When selling price is greater than the cost price then there is a gain.
⟶ Gain = Selling price - Cost price
⟶ Gain = 15 - 10
⟶ Gain = 5
Formula for gain percent is:
✭(100 × Gain)/CP✭
⟶ Gain percent = (100 × Gain)/CP
⟶ Gain percent = (100 × 5)/10
⟶ Gain percent = 500/10
⟶ Gain percent = 50%
∴ There is 50% of gain on selling the eggs.
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