(b) Manisha bought 5 dozen pencils at 10 per Rs 150 and sold them at a profit of 20%. At what rate did she sell per 5 pencils?
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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%
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