Percentage Profit with Wastage

Percentage Profit with Wastage

Secondary 1

A shopkeeper buys \(2500\) eggs at \(\$1.50\) per dozen. \(3\%\) of the eggs are broken. Find the selling price of each egg if he wants to earn a \(40\%\) profit on the cost price.

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Answer:Exact price: \(35/194\) dollars per egg. Least whole-cent price for at least 40% profit: SGD 0.19; SGD 0.18 falls short.

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