A merchant bought 200 eggs, out of which 38 eggs were broken. He sold the remaining eggs at the rate of ₹4.80 per dozen and thus gained 8%. His total investment is?
Answer & explanation
Correct answer: option 2
Remaining eggs = 200 - 38 = 162
Investment(CP) = SP X \(\frac{100}{108}\)
=\(\frac{162}{12}\) × 4.80 × \(\frac{100}{108}\) = 60