Multiple choice

Gaurav bought 100 dozens of eggs at Rs. 10 per dozen. He spent Rs. 250 on transport and he sold them at Re. 1 per egg. What was his profit or loss percent?

  1. Loss of 4%

  2. Gain of 4%

  3. Loss of 6%

  4. Gain of 6%

  5. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total cost = (100 * 10) + 250 = 1250. Total eggs = 100 * 12 = 1200. Total revenue = 1200 * 1 = 1200. Loss = 1250 - 1200 = 50. Loss percent = (50 / 1250) * 100 = 4%.

AI explanation

The cost of 100 dozen eggs is 100 x Rs. 10 = Rs. 1000, and adding Rs. 250 for transport brings the total cost to Rs. 1250. He sold 1200 eggs at Re. 1 each for a total selling price of Rs. 1200, resulting in a loss of Rs. 50. Using the loss percentage formula of (Loss / Total Cost) x 100, the percentage is (50 / 1250) x 100, yielding a loss of 4 percent.

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