Multiple choice

If the profit earned by selling 4 dozen eggs is equal to the cost price of a dozen eggs, then find the profit percentage.

  1. 20%

  2. 25%

  3. 30%

  4. 35%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit = Selling Price - Cost Price. Profit on 4 dozen = 4*SP - 4*CP. Given 4*SP - 4*CP = 1*CP, so 4*SP = 5*CP. SP = 1.25*CP. Profit percentage = (SP-CP)/CP = 0.25 or 25%.

AI explanation

Let the cost price of one dozen eggs be x, making the total cost price for 4 dozen eggs equal to 4x. The profit earned from selling all 4 dozen eggs is given as the cost price of a dozen, so the profit is x. Applying the profit percentage formula of profit divided by cost price times 100 gives x divided by 4x times 100, which equals 25 percent.

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