Geeta bought eggs at Rs 8.40 a dozen. At what price per hundred must she sell them so as to earn a profit of 15 percent?
what is 8.4*1.15?
12eggs = 8.40 rupees
100 eggs = 70 rupees
If he wants 15 % gain
= 70 + 15% of 70
= 70 + 10.5 = 80.5
Therefore , if she sell 80.5 rupees for 100 eggs she will get 15 % gain
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80.50
To find the price at which Geeta must sell the eggs, we need to determine the cost per egg and then calculate the selling price per hundred.
Let's start by finding the cost per egg.
Geeta bought eggs at Rs 8.40 a dozen, which means there are 12 eggs in a dozen.
Therefore, the cost per egg is 8.40/12 = Rs 0.70.
Next, let's calculate the selling price per hundred eggs.
Since there are 100 eggs in a hundred, we need to calculate the selling price for 100 eggs.
To earn a profit of 15 percent, Geeta needs to increase the cost price by 15 percent.
Profit amount = 15/100 * cost price per egg
Selling price per egg = cost price per egg + profit amount
Selling price per egg = Rs 0.70 + (15/100 * Rs 0.70)
Now, we can calculate the selling price per hundred eggs.
Selling price per hundred eggs = selling price per egg * 100
Selling price per hundred eggs = (Rs 0.70 + (15/100 * Rs 0.70)) * 100
Simplifying the calculation:
Selling price per hundred eggs = (0.70 + 0.105) * 100
Selling price per hundred eggs = 0.805 * 100
Selling price per hundred eggs = Rs 80.50
Therefore, Geeta must sell the eggs at Rs 80.50 per hundred in order to earn a profit of 15 percent.