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A man purchased some eggs at the rate of...

A man purchased some eggs at the rate of Rs. 20 per dozen and sold at the rate of Rs. 2 per egg. What is the percentage of profit ?

A

4

B

`16(2)/(3)`

C

`18`

D

`20`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of finding the percentage of profit from the sale of eggs, we can follow these steps: ### Step 1: Calculate the Cost Price (CP) The cost price of eggs is given as Rs. 20 per dozen. Since 1 dozen = 12 eggs, the cost price per egg is: \[ \text{Cost Price per egg} = \frac{20 \text{ Rs}}{12 \text{ eggs}} = \frac{20}{12} \text{ Rs} \approx 1.67 \text{ Rs} \] ### Step 2: Calculate the Selling Price (SP) The selling price of each egg is given as Rs. 2. ### Step 3: Calculate the Profit Profit can be calculated using the formula: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] For one egg: \[ \text{Profit} = 2 \text{ Rs} - 1.67 \text{ Rs} = 0.33 \text{ Rs} \] ### Step 4: Calculate the Total Profit for a Dozen Since we are interested in the profit for a dozen eggs (12 eggs): \[ \text{Total Profit for 12 eggs} = 0.33 \text{ Rs} \times 12 = 4 \text{ Rs} \] ### Step 5: Calculate the Percentage of Profit The percentage of profit can be calculated using the formula: \[ \text{Percentage of Profit} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] Using the cost price for a dozen: \[ \text{Percentage of Profit} = \left( \frac{4 \text{ Rs}}{20 \text{ Rs}} \right) \times 100 = 20\% \] ### Final Answer: The percentage of profit is **20%**. ---
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