A man brought 400 dozen pencils at $8.00 per dozen. He sold half of them at $10.50 per dozen and the rest of them at $7.50 per dozen. Find his profit.
Answers
Step-by-step explanation:
400×8 = 3200. cost price
200×10.50 = 2100. selling price
200×7.50 = 1500. selling price
2100+1500 = 3600. Total selling price
Profit = Selling price - cost price
3600-3200
400
He got profit of 400 ruppess
Answer:
The profit is of $400.
Step-by-step explanation:
Price of 1 dozen pencils = $8.00
Price of 400 dozen pencils = $8.00 × 400
= $3200
⇒ Cost price of 400 dozen pencils = $3200
According to the question,
Man sold half of pencils at $10.50 per dozen, i.e.,
Selling price of 1 dozen pencil = $10.50
Then selling price of 200 dozen of pencils = $10.50 × 200
= $2100
Also,
Man sold rest of them at $7.50 per dozen, i.e.,
Selling price of 1 dozen pencil = $7.50
Then selling price of rest of 200 dozen of pencils = $7.50 × 200
= $1500
Total selling price = $2100 + $1500
= $3600
Profit = selling price - cost price
= $3600 - $3200
= $400
Therefore, man makes the profit of $400.
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