A man bought 150 dozen at RS 30 a dozen His overhead expenses were 500 he sold the pencils at 2.50 each find his profit or loss percent
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Answer:
loss% = 10%
Step-by-step explanation:
price of dozen pencils = 30
cost of 150 dozen pencils = 150 × 30 = 4500
overhead expenses = 500
total expenses = 4500 + 500 = 5000
total number of pencils = 150 × 12 = 1800
cost of one pencil = 5000/1800 = 2.77
selling price per pencil = 2.50
selling price of 1800 pencils = 2.50 × 1800 = 4500
loss = cost price - selling price
5000 - 4500 = 500
loss % = loss/c.p × 100
= 500/5000 × 100
= 10%
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