Juma bought 130 dozen pencils at rupees 10 a dozen. her overhead expenses were rupees 100. he sold them at rupees 1.20 each. what was his profit or loss per cent.
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Step-by-step explanation:
Cost price = 130×10 = 1300
Overhead expenses = 100
Total =1400
Selling price = 130×12× 1.20 = 1872
Hence profit = 2160- 1400 = 760
Percentage of profit = (760/ 1400)×100%
=54.28%
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