Question Details

A dealer purchases 1,200 eggs at ₹4.50 each. During transit, 8% of the eggs break. The remaining eggs are sold at ₹6.00 each. Find the overall profit percentage.  

Options

A

22 1 3 %

B

21 1 3 %

C

22 2 3 %

D

21 2 3 %

Show Answer

Correct Answer :

Option C

22 2 3 %

Solution :

The correct option is:

22 2 3 %

Here is the step-by-step logical explanation of the solution:
First, let's understand the two major stages of the transaction: purchasing the eggs (Cost Price) and selling the remaining unbroken eggs (Selling Price).

Step 1: Calculate the Total Cost Price (CP)
The dealer purchased 1,200 eggs at ₹4.50 each. We calculate the total amount spent as follows:

Total Cost Price (CP) = 1,200 × 4.50 = 5,400

Step 2: Calculate the number of broken eggs and remaining eggs
During transit, 8% of the eggs were broken. Let's find the number of broken eggs:

Broken eggs = 8 % of 1,200 = 8 100 × 1,200 = 96

Subtracting the broken eggs from the initial amount gives the number of eggs remaining to be sold:

Remaining eggs = 1,200 - 96 = 1,104

Step 3: Calculate the Total Selling Price (SP)
The remaining 1,104 eggs are sold at a rate of ₹6.00 each. The total revenue generated is:

Total Selling Price (SP) = 1,104 × 6.00 = 6,624

Step 4: Find the Overall Profit
We subtract the Total Cost Price from the Total Selling Price to find the profit:

Profit = Total SP - Total CP

Profit = 6,624 - 5,400 = 1,224

Step 5: Calculate the Overall Profit Percentage
The profit percentage is calculated relative to the Cost Price:

Profit Percentage = ( Profit Total CP ) × 100 %

Profit Percentage = 1,224 5,400 × 100 % = 1,224 54 %

Simplifying the fraction by dividing both the numerator and the denominator by 18, we get:

Profit Percentage = 68 3 %

Converting this improper fraction to a mixed fraction, we divide 68 by 3 which equals 22 with a remainder of 2:

Profit Percentage = 22 2 3 %

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