Multiple choice

Priya bought one dozen eggs for Rs. 7. She sold half a dozen eggs for Rs. 9. Find the profit or loss percentage on one egg. (Rounded to the nearest whole number)

  1. 84% profit

  2. 97% loss

  3. 100% loss

  4. 157% profit

  5. na
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost of 12 eggs = 7. Cost of 1 egg = 7/12. Selling price of 6 eggs = 9. Selling price of 1 egg = 9/6 = 1.5. Profit = 1.5 - 7/12 = (18-7)/12 = 11/12. Profit % = (Profit / Cost) * 100 = (11/12) / (7/12) * 100 = 11/7 * 100 = 157.14%.

AI explanation

The cost price of one egg is Rs. 7 divided by 12 dozen, and she sold half a dozen eggs for Rs. 9, making the selling price of one egg Rs. 9 divided by 6, which is Rs. 1.50. This means she bought the eggs for 7/12 rupees each and sold them for 1.50 rupees each, yielding a profit percentage calculated as ((1.50 - 7/12) / (7/12)) * 100. This simplifies to ((18 - 7) / 7) * 100, resulting in a 157% profit.

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