adnan bought 96 eggs at the rate of rs.40 per dozen and sold at the rate of rs.4 per eggs find the percentage of profit if 3 eggs were rotten
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Eggs sold by the dozen, eggs broken, all kinds of variations.
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To find the percentage of profit, we need to calculate the cost price (CP) and the selling price (SP) of the eggs.
Given:
- Adnan bought 96 eggs at the rate of Rs. 40 per dozen.
- He sold the eggs at the rate of Rs. 4 per egg.
- 3 eggs were rotten.
Cost Price (CP) = Cost per dozen x Number of dozens bought
= Rs. 40/dozen x 96/12 dozens
= Rs. 320
Since 3 eggs were rotten, the effective number of eggs sold (SP) would be 96 - 3 = 93.
Selling Price (SP) = Selling price per egg x Number of eggs sold
= Rs. 4/egg x 93 eggs
= Rs. 372
Profit = SP - CP
= Rs. 372 - Rs. 320
= Rs. 52
To calculate the percentage of profit, we will use the formula:
Percentage Profit = (Profit / CP) x 100
Percentage Profit = (52 / 320) x 100
≈ 0.1625 x 100
≈ 16.25%
Therefore, the percentage of profit is approximately 16.25%.