john bought 100 egg for rs 40. Out of these, 4 eggs were found to be broken and he sold the remaining eggs at the rate of rs.7.50 per dozen. find his gain or loss.
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john bought 100 egg for rs 40. Out of these, 4 eggs were found to be broken and he sold the remaining eggs at the rate of rs.7.50 per dozen. find his gain or loss.
please answer me fast
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Answer:
• John bought 100 egg for Rs 40 .
• Out of 100 , 4 eggs were broken
• He sold remaining at the rate of 7.50per dozen
The cost price of 100 eggs = Rs40
Now,
Selling price of 12 eggs = Rs 7.50
Selling price of 1 egg = Rs7.50/12
Since, 4 eggs were broken so now only 96 eggs left.
Therefore,
SP of 96 eggs = 7.50/ 12 * 96
SP of 96 eggs = 7.50 * 8
SP of 96 eggs = Rs 60
Here, SP is more than the CP it means he gains profit.
Profit = SP - CP
Profit = 60 - 40
Profit = Rs 20
Now , Calculating profit %
Profit % = Profit / CP * 100
Profit % = 20 / 40 * 100
Profit% = 200/4
Profit % = 50%
Hence, The shopkeeper gains a profit of 50%