SOLUTION: A shopkeeper buys eggs in boxes of 60 for $1800. He sells them at $540 per dozen. Did he make a profit or loss? What was the profit or loss as a percentage of the cost price?

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Question 1183049: A shopkeeper buys eggs in boxes of 60 for $1800. He sells them at $540 per dozen. Did he make a profit or loss? What was the profit or loss as a percentage of the cost price?


Answer by ikleyn(52776)   (Show Source): You can put this solution on YOUR website!
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A shopkeeper buys eggs in boxes of 60 for $1800. He sells them at $540 per dozen.
(a) Did he make a profit or loss?
(b) What was the profit or loss as a percentage of the BUYING COST?
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Profit = selling cost - buying cost.


Buying cost of 60 eggs is  $1800  (given).

Selling  cost of 60 eggs is, according to the problem,   = 540*5 = $2700.


Profit = $2700 - $1800 = $900.    So, the seller makes a profit.


The profit as a percentage to the buying cost is   = 50%.

Solved and explained.


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