Question

joey bought pens at 150 a dozen he sold them for $15each. what is his profit percent?

Answer 1

Answer:

Purchase price for a dozen pen( i.e. 12 pens ) = 150

Selling price per pen = 15

Step-by-step explanation:

No. of pens sold = 12

Selling price = 15

Cost of all the pens sold = 12 × 15 = 180

Purchase price = 150

Total profit made = Selling Price - Purchase Price

180 - 150

= 30

Percent of profit = profit ÷ Purchase price × 100

30 × 100

150

= 0.2 × 100

=20

Hope this helps.

Have a great day.