A shopkeeper bought 56 dozen eggs at ₹2.50 per egg. 120 eggs broke in transportation. He sold the remaining eggs at ₹2.75 each. What is the profit or lost per cent?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Loss of 9%.
Cost price of shopkeeper = 56 × 12 × 2.5 = ₹1680
Broken eggs = 10 dozen
Remaining eggs = 46 dozen
Selling price of shopkeeper = 46 × 12 × 2.75 = 1518
Now, CP > SP, loss = 1680 - 1518 = 162
Required percentage = (162/1680) × 100 = 9