A shopkeeper bought 160 eggs for 320 naira 40 eggs were cracked he sold the remaining for 480 naira find her profit or loss percentage. ︶︿︶
%Profit = ( (480-320)/320)*100% = 50%.
Note: I'm assuming he did not get a refund for the cracked eggs.
Pls wat happened to the 40 eggs
To find the profit or loss percentage, we need to calculate the cost price and the selling price.
Given:
- The shopkeeper bought 160 eggs for 320 naira.
- 40 eggs were cracked and not sold.
- The shopkeeper sold the remaining eggs for 480 naira.
Now let's calculate the cost price (CP):
The shopkeeper bought 160 eggs for 320 naira, so the cost price per egg is:
CP per egg = 320 naira / 160 eggs = 2 naira.
The cracked eggs were not sold, so the shopkeeper sold only (160 - 40) = 120 eggs.
Now, let's calculate the selling price (SP):
The shopkeeper sold 120 eggs for 480 naira, so the selling price per egg is:
SP per egg = 480 naira / 120 eggs = 4 naira.
To calculate the profit or loss:
Profit (P) = Selling Price (SP) - Cost Price (CP)
P = (4 naira - 2 naira) * 120 eggs
P = 2 naira * 120 eggs
P = 240 naira
Since the profit is positive, we can say that the shopkeeper made a profit of 240 naira.
To find the profit percentage:
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (240 naira / 320 naira) * 100
Profit Percentage = 0.75 * 100
Profit Percentage = 75%
Therefore, the shopkeeper made a profit of 75%.
To calculate the profit or loss percentage, we first need to determine the cost price and the selling price of the eggs.
The shopkeeper bought 160 eggs for 320 naira, so the cost price per egg can be calculated as follows:
Cost Price per egg = Cost Price / Number of eggs
= 320 naira / 160 eggs
= 2 naira per egg
Next, we need to find the number of eggs sold. Since 40 eggs were cracked, the number of eggs sold is:
Number of eggs sold = Number of eggs bought - Number of cracked eggs
= 160 eggs - 40 eggs
= 120 eggs
The selling price per egg can be calculated using the formula:
Selling Price per egg = Selling Price / Number of eggs sold
= 480 naira / 120 eggs
= 4 naira per egg
Now, we can calculate the profit or loss percentage using the formula:
Profit or Loss percentage = (Selling Price - Cost Price) / Cost Price x 100
Profit or Loss percentage = (4 naira - 2 naira) / 2 naira x 100
= 2 naira / 2 naira x 100
= 1 x 100
= 100%
Therefore, the shopkeeper made a profit of 100%.