Question

Fahim bought 120 dozen pencils at Rs. 10 per dozen.
His overhead expenses were Rs.80. He sold them at
Rs. 1.25 each. What was his profit or loss percent?
(a) 30.625% Loss (b) 30.625% Profit
(c) 40.625% Loss (d) 40.625% Profit​

Answer 1

Option 'd' is correct.

Step-by-step explanation:

Since we have given that

Dozens of pencils = 120

Cost per dozen = Rs. 10

So, Total cost would be

$120\times 10=Rs.\ 1200$

Overhead expenses = Rs. 80

So, Total cost would be

$1200+80=1280$

Selling price each = Rs. 1.25

So, Total selling price would be

$1.25\times 120\times 12=150\times 12=1800$

So, Profit = Selling price - cost price

$Profit=1800-1280=520$

So, Profit % would be

$\dfrac{520}{1280}\times 100\\\\=\dfrac{52000}{1280}\\\\=40.625\%$

Hence, Option 'd' is correct.

# learn more:

Karim bought 150 dozen pencils at Rs.10 a dozen. His overhead expenses were Rs.100. He sold them at Rs. 1.20 each . What was his profit or loss percent?

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