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PIT_PIT [208]
2 years ago
9

A man buys a egg at 0.55t a score. He finds that 10% of the eggs are unsaleable but sells the rest at 0.60t a dozen. Suppose he

buys 440 eggs. Find his percentage profit close to 3 decimal places.​
Mathematics
1 answer:
Ede4ka [16]2 years ago
7 0

The man's percentage profit based on the sales revenue and close to 3 decimal places is <u>38.889%</u>.

<h3>What is the percentage profit?</h3>

Profit is the difference between total revenue and total costs.

The total costs include both variable and fixed costs.

The percentage profit is an expression of the profit based on either the costs or the sales revenue.

<h3>Data and Calculations:</h3>

Cost price per score = 0.55t

Cost price per t = 0.55/20

t = 440 eggs

The total cost of eggs bought = $12.10 (0.55/20 x 440)

Unsaleable eggs = 44 eggs (440 x 10%)

Selling price per dozen of 396 eggs = 0.60t

Selling price per egg = $0.05 (0.60/12)

The total sales revenue = $19.80 ($0.05 x 396)

Profit = $7.70 ($19.80 - $12.10)

Profit percentage based on sales revenue = <u>38.889%</u> ($7.70/$19.80 x 100)

Profit percentage based on costs = <u>63.636%</u> ($7.70/$12.10 x 100)

Thus, the man's percentage profit close to 3 decimal places is <u>38.889%</u>.

Learn more about percentage profit at brainly.com/question/19104371

#SPJ1

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<h3>Normal Probability Distribution</h3>

In a normal distribution with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

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