joy was bought pens at $120 a dozen. he sold it for $15 each what is his profit or loss precent.
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He bought $10 per pen and sold at $15/pen so he got 50% profit.
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Answer:
50% profit
Step-by-step explanation:
When he sold each pen for $15 then overall he sold the dozen of pens at = 15×12 = $180
as SP > CP, there's a profit.
Profit = $180-$120 = $60
Profit percent = (60×100)/120
= 6000/120 = 50%
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