A shopkeeper bought 10 dozen eggs at the rate of ₹5 per egg. 12 eggs broke in transit. He sold the remaining eggs at the rate of ₹6 per egg. Find his profit percentage.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 8%.
10 dozen = 10 × 12 = 120 eggs
Cost per egg = ₹5
So, total cost = 120 × 5 = ₹600
12 eggs broke
Remaining eggs = 120 − 12 = 108 eggs
He sold 108 eggs at ₹6 each
SP = 108 × 6 = ₹648
Profit = SP − CP = 648 − 600 = ₹48
Profit % = (Profit ÷ CP) × 100 = (48 ÷ 600) × 100 = 8%