A woman bought eggs at ₹30 per dozen. What should be the selling price per 100 eggs to gain 12%?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
-
A280
-
B250
-
C300
-
D360
-
E—
Answer
Correct Answer: 280
Explanation
Introduction / Context:Convert the purchase rate per dozen into a cost per egg, scale to 100 eggs, and then apply the desired 12% profit to obtain the required selling price per hundred eggs.
Given Data / Assumptions:
- Cost per dozen = ₹30 → cost per egg = 30/12 = ₹2.50.
- We need SP for 100 eggs with 12% profit.
Concept / Approach:Total cost for 100 eggs = 100 * 2.50. Selling price = cost * 1.12. Simple percentage gain on cost.
Step-by-Step Solution:Cost for 100 eggs = 100 * 2.50 = ₹250Required SP = 250 * 1.12 = ₹280
Verification / Alternative check:Profit = 280 − 250 = ₹30 which is 12% of ₹250, confirming correctness.
Why Other Options Are Wrong:₹250 is cost; ₹300 and ₹360 overshoot the 12% target.
Common Pitfalls:Forgetting that a dozen is 12; applying 12% to the wrong base.
Final Answer:280