Question

A shopkeeper buys 400 eggs at Rs. 3.5 per piece. Unfortunately, 50 eggs got spoiled during transportation. The shopkeeper sells the remaining eggs at Rs. 4 per egg. Find his profit or loss?
1. 10% loss
2. 5% Profit
3. 10% profit
4. No profit no loss

Answer 1

Correct Answer - Option 4 : No profit no loss

GIVEN:

A shopkeeper buys 400 eggs at Rs. 3.5 per piece. Unfortunately, 50 eggs got spoiled during transportation. The shopkeeper sells the remaining eggs at Rs. 4 per egg.

CALCULATION:

Cost price of all eggs = 400 × 3.5 = Rs. 1400

And

Selling price of 350 (= 400 - 50) eggs = 350 × 4 = Rs. 1400

Hence,

No profit No loss.