Hello~ 100 I sell chicken eggs for a living. One day, I went to the market to buy a tray of eggs. The tray contains 30 eggs. I paid 210 pesos for it. I went back to my store to sell them. After a day, I had sold 2 dozens of eggs. If I added 1 peso for the cost of each egg, how much is my profit for the eggs I sold? How much will I gain if I sold all the eggs? I'll give 28 points for your honest effort. Thank you for giving your best. please state ur grade and section.
Preferably Grades 4-6.
Preferably Grades 4-6.
Answers & Comments
Answer:
There are 30 eggs in a tray, and the cost of the tray is 210 pesos. So the cost of each egg is:
210 pesos / 30 eggs = 7 pesos/egg
If you sold 2 dozens of eggs, that's 24 eggs sold. You added 1 peso to the cost of each egg, so your selling price for each egg is:
7 pesos/egg + 1 peso/egg = 8 pesos/egg
The total revenue you earned from selling 24 eggs is:
24 eggs x 8 pesos/egg = 192 pesos
To compute your profit, you need to subtract the cost of the 24 eggs you sold from the revenue you earned:
Profit = Revenue - Cost
The revenue from selling 24 eggs is 192 pesos. The cost of the 24 eggs is:
24 eggs x 7 pesos/egg = 168 pesos
So, your profit for the 24 eggs you sold is:
Profit = 192 pesos - 168 pesos = 24 pesos
If you sold all the 30 eggs, your revenue would be:
30 eggs x 8 pesos/egg = 240 pesos
The cost of all the 30 eggs is:
30 eggs x 7 pesos/egg = 210 pesos
So, your profit for all 30 eggs would be:
Profit = 240 pesos - 210 pesos = 30 pesos