Question

A grocer bought 2 dozen pencils for $14.40 and sold them at $1.00 each what is the gain

Answer 1

Given :

Cost price of 2 dozen pencils = $ 14.40

sold price per pencil = $ 1 .



Finding 2 dozen pencils -

1 dozen = 12 pencils

2 dozen = 2 x 12 = 24 pencils .



Finding cost price per price per pencil -

24 pencils = $ 14 . 40

1 pencil = 14.40 ÷ 24 = 0.6

1 pencil = $ 0.6

Cost price of per pencil = $ 0.6


Selling price of per pencil = $ 1

Here , Selling price is more so gain .



Finding. Gain -

Gain = Selling price - Cost price

Gain = 1 - 0.6

Gain = 0.4


$\bold{Answer : Gain \: = \: 0.4 \: Dollar}$