A shopkeeper bought 40 dozen eggs at Rs 1.40 each. 80 eggs were broken in transportation. He sold the remaining eggs at Rs 1.60 each. What is his profit or loss percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Loss, 4
CP of 40 dozen eggs = (12 × 40 × 1.40) = 672
CP of 80 eggs = (80 × 1.40) = 112
CP of 400 eggs = (400 × 1.40) = 560
SP of the remaining (480 - 80) eggs = 400 × 1.60 = 640
Loss = (CP - SP)
The cost price of 80 eggs that were broken in transportation will be treated as a loss
Loss = (560 + 112) - 640 = 32
Loss percentage = 32/672 × 100 = 4