A market woman buys eggs at 60 a dozen and sells them at 8 each . Calculate her profit percent
cost: 60
revenue: 12*8 = 96
profit: 96-60=36
% profit: 36/60 = 60%
cost price = 60 units of money for 12 eggs
or
5 units per egg
selling price = 8 units per egg
profit = 3 units per egg
percent profit = 3/5 = .6 = 60%
To calculate the profit percentage of the market woman, we need to determine the cost price (CP) and the selling price (SP).
Cost Price (CP) = Price at which she buys eggs = $60 per dozen.
Selling Price (SP) = Price at which she sells eggs = $8 per egg.
Now, let's calculate the profit:
Profit = Selling Price (SP) - Cost Price (CP)
Profit = $8 - $5 = $3
We'll find the profit percentage using the following formula:
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = ($3 / $5) * 100
Profit Percentage = 60%
Therefore, the market woman's profit percentage is 60%.
To calculate the profit percentage, we need to know the cost price and the selling price of the eggs.
Let's start by finding the cost price (CP) of a single egg.
The market woman buys eggs at 60 per dozen. A dozen consists of 12 eggs, so the cost price of a single egg is 60 divided by 12, which equals 5.
Now let's find the selling price (SP) of a single egg.
The market woman sells the eggs at 8 each.
Now that we have the cost price and selling price of a single egg, we can determine the profit percentage.
Profit (P) = Selling Price (SP) - Cost Price (CP)
Profit (P) = 8 - 5
Profit (P) = 3
Now we can calculate the profit percentage (PP) using the formula:
Profit Percentage (PP) = (Profit / Cost Price) x 100
Profit Percentage (PP) = (3 / 5) x 100
Profit Percentage (PP) = 60%
Therefore, the market woman's profit percentage is 60%.