Question

A person bought pencil of 20 RS per dozen and sold them at 2RS each pencil find his profit percent

Answer 1

Answer:

Cost of one dozen pencil=Rs.10

Cost of 150 dozen pencils=150\timesRs.10=Rs.150$$

Overhead expenses=Rs.100

Effective cost price=Rs.1500+Rs.100=Rs.1600$$

Selling price of one pencil=Rs.1.20

Selling price of one dozen pencil=Rs.1.20×12=Rs.14.40

Selling price of 150 dozen pencil=Rs.14.40×150=Rs.2160

Here S.P>C.P.So, there is a profit.

Profit=S.P−C.P=2160−1600=Rs.560

Profit percentage=

C.P

Profit

×100%=

1600

560

×100%=35%