Joy bought pens at AED 120 a dozen. He sold it for AED 15 each. What is his profit /loss?
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Answered by
2
One dozen pens = 12 pens = AED 120
Cost of 1 pen = 120/12 = 10
Selling price of 1 pen = AED 15
Gain % = selling price - cost price/ cost price *100
= 15-10/10*100
= 50%
Hope it helps....:)
Cost of 1 pen = 120/12 = 10
Selling price of 1 pen = AED 15
Gain % = selling price - cost price/ cost price *100
= 15-10/10*100
= 50%
Hope it helps....:)
niyamee:
Since selling price is more than cost price hence it would be gain.....
therefore gain = 15-10 = 5
Answered by
1
rupee 5 profit is your answer
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