At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A merchant bought 12 boxes of eggs containing 10 eggs each at the rate of rs 50 per box.He spent rs 40 on transportation.He sold the eggs at rs 12 per pair.Calculate his gain or loss%.

Sagot :

Given:

A  merchant bought 12 boxes of eggs containing 10 eggs each at the rate of Rs 50 per box.

He spent Rs 40 on transportation.

He sold the eggs at rs 12 per pair.

To find:

The gain or loss percentage.

Solution:

The cost of 1 box of eggs is Rs. 50. So, the cost of 12 boxes of eggs is:

[tex]12\times 50=600[/tex]

Number of eggs in 12 boxes is:

[tex]12\times 10=120[/tex]

He spent Rs 40 on transportation. So, total cost of 12 boxes of eggs is:

[tex]600+40=640[/tex]

Cost of each egg is:

[tex]\dfrac{640}{120}=\dfrac{16}{3}[/tex]

He sold the eggs at Rs 12 per pair. It means the selling price of two eggs is Rs 12. So, the selling price of each egg is:

[tex]\dfrac{12}{2}=6[/tex]

We need to find the gain or loss percentage.

Since [tex]\dfrac{16}{3}<6[/tex] it means the selling price is greater than the cost price, therefore it is gain.

The gain percent is:

[tex]Gain\%=\dfrac{S.P.-C.P.}{C.P.}\times 100[/tex]

[tex]Gain\%=\dfrac{6-\dfrac{16}{3}}{\dfrac{16}{3}}\times 100[/tex]

[tex]Gain\%=\dfrac{\dfrac{18-16}{3}}{\dfrac{16}{3}}\times 100[/tex]

[tex]Gain\%=\dfrac{2}{16}\times 100[/tex]

[tex]Gain\%=12.5\%[/tex]

Therefore, the gain percent is 12.5%.

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.