2. A merchant bought 15 dozen pens at 10 per dozen. He sold them at?1.50 each
loss per cent
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Answer:Heya...
Here is your answer ---
Number of pens bought = 15 dozen = 12×15 = 180 pens
Cost Price = Rs.10 per dozen = 10×15 = Rs.150
Cost price for 1 pen = 180/150 = 60/50 = 6/5 = Rs. 1.2
Selling Price for 1 pen = Rs. 1.50
SP>CP
Gain = SP-CP = 1.5-1.2 = 0.3
Gain% = Gain/CP × 100 = 0.3/1.2 × 100 = 25%
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