The man's percentage profit based on the sales revenue and close to 3 decimal places is 38.889%.
What is the percentage profit?
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.
Data and Calculations:
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 = 38.889% ($7.70/$19.80 x 100)
Profit percentage based on costs = 63.636% ($7.70/$12.10 x 100)
Thus, the man's percentage profit close to 3 decimal places is 38.889%.
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