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A  shopkeeper bought 40 dozen eggs at Rs 1.40 each. 80 eggs were broken in transportation. He sold the remaining eggs at Rs 1.60 each. what is his profit or loss percent?
1. \(Loss,3\frac{{19}}{{27}}\)
2. \(Profit,4\frac{{16}}{{21}}\)
3. \(Profit,3\frac{{19}}{{27}}\)
4. \(Loss,4\frac{{16}}{{21}}\)

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Correct Answer - Option 4 : \(Loss,4\frac{{16}}{{21}}\)

Given:

Cost price each egg = Rs.1.40 

Selling price each egg = Rs.1.60 

Formula used:

Loss = Cost price - Selling price 

Loss percent = Loss/Cost price × 100

Calculation:

Cost price of 40 dozen eggs = 12 × 40 × 1.40 = 672 

Cost price of 80 eggs = 80 × 1.40 = 112

Cost price of 400 eggs = 400 × 1.40 = 560

Selling price of the remaining (480 - 80) eggs  = 400 × 1.60 = 640

Loss = Cost price - Selling price 

Cost price of 40 eggs that were broken in transportation will be treated as a loss. 

Loss = (560 + 112) - 640 = 32

Loss percent = 32/672 × 100 = \(4\frac{{16}}{{21}}\)

∴ The required loss percent is \(4\frac{{16}}{{21}}\)

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