Question

Fahim bought 120 dozen pencils at Rs. 10 per dioren. His overhead expenses were Rs. 80. He sold them at Rs. 1.25 each. What was his profit or loss percent? (b) 30625% Profit 20250 Toss​

Answer 1

Answer:

To find his profit or loss percent.

Step-by-step explanation:

Dozens of pencils=120

Cost per dozen=RS 10

Therefore, cost of purchace =120x10=1200

Overhead expenses =Rs80

So, Total cost =1200+80

Selling price  each=Rs1.25

Therefore, total selling price=120x12x1.25

Therefore, Profit =Selling price=cost price

1800-1280=Rs

So, Profit %520/1280

52000/1280

40.625%