fatima bought 1200 eggs at rs.16 a dozen. At what price per hundred must she sell the eggs so as to earn a profit of 15%. /////****urgent****////
naturally, that would be
16 * 1.15 * 100/12
16 * 1.15 * 100/12
To find the selling price per hundred eggs, we need to calculate the cost price and the profit first.
Step 1: Calculating the cost price:
Since Fatima bought 1200 eggs at Rs. 16 a dozen, we need to find the cost of 1200 eggs in total.
1 dozen = 12 eggs
So, the cost of 1200 eggs = (1200/12) x Rs. 16 = 100 x Rs. 16 = Rs. 1600
Step 2: Calculating the profit:
We want to earn a profit of 15% on the cost price.
Profit = 15% of Cost Price = 15/100 x Rs. 1600 = Rs. 240
Step 3: Calculating the selling price:
We need to add the profit to the cost price to get the selling price.
Selling Price = Cost Price + Profit = Rs. 1600 + Rs. 240 = Rs. 1840
Step 4: Calculating the selling price per hundred eggs:
Since we have the total selling price, we need to find the price per hundred eggs.
1 hundred = 100 eggs
Therefore, the selling price per hundred eggs = Rs. 1840 / 12 = Rs. 153.33 (approx)
So, Fatima must sell the eggs at a price of approximately Rs. 153.33 per hundred to earn a profit of 15%.