A vendor bought 10 dozen eggs rate of 22 rupees perdozen six of the eggs were rotten he sold remaining eggs rate of 2.50 rupees per egg find his profit or loss
cost price = 220 rupees
So he sold 114 eggs at 2.5 rupees
income = 114(2.5) = ....
profit = income - cost price = ....
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To find the vendor's profit or loss, we need to calculate the total cost price and the total selling price.
1. Total Cost Price (CP):
The vendor bought 10 dozen eggs at a rate of 22 rupees per dozen. Therefore, for 10 dozen eggs, the cost price would be:
CP = 10 x 22 = 220 rupees.
2. Total Selling Price (SP):
Out of the 10 dozen eggs, six of them were rotten and discarded. Therefore, the vendor sold the remaining eggs, which are 10 dozen minus 6 eggs, i.e., 114 eggs. The selling price of each egg is 2.50 rupees. Hence, the total selling price for 114 eggs would be:
SP = 114 x 2.50 = 285 rupees.
Now, we can calculate the profit or loss using the following formula:
Profit (P) = Selling Price (SP) - Cost Price (CP)
Profit = 285 - 220
Profit = 65 rupees
The vendor's profit is 65 rupees.