Question

Geeta paid Rs 10 for 14 pencil sharpeners and paid Rs 2.00 for shipping. She sold them for Rs 2 each. How much profit did Geeta make when she sold all of the pencil sharpeners?

Answer 1

Answer:

Rs 16 Profit

Step-by-step explanation:

If she spent 10 Rs for 14 sharpeners plus the 2 Rs from shipping costs, together she spent Rs 12.00. She then sold each sharpener for Rs 2, in all making her 28 Rs. Subtract the 12 Rs she spent from buying the materials from the Rs 28, and you get 16 Rs profit. (Sorry if my explanation does not make sense)

Answer 2

Answer:

Profit = Rs 16

Step-by-step explanation:

Money spent by Geeta for 14 pencil Sharpeners = Rs 10

Money spent by Geeta on shipping = Rs 2.00

Total Money spent by Geeta( Cost Price ) =  Rs 10 + Rs 2.00 = Rs 12.00

Selling price of 1 pencil sharpener = Rs 2

Selling price of 14 pencil sharpeners = 14*2 = Rs 28

Profit = SP - CP ( Selling price - Cost price )

          = Rs 28 - Rs 12 = Rs 16

{You can also calculate the profit percentage by

Profit % = Profit/Cost Price * 100%