A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent?
A. 6.89 %
B. 6.65 %
C. 6.58 %
D. 6.12 %
Answer: Option B
This Question Belongs to Civil Engineering >> Engineering Economics
Join The Discussion
Comments ( 1 )
Related Questions on Engineering Economics
The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year
B. Money is borrowed for n = 7 years
C. Both (A) and (B)
D. Neither (A) nor (B)
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20
A. Architect/engineer
B. Construction manager
C. Owner himself/herself
D. Construction manager
(50/12)=1.2*x where x=price per egg.
X=3.472
After 12.5% increase, new price for dozen becomes 1.125*3.472*12 =46.872
His new gain would be (50-46.872)/46.872 =6.67%