kanchan bought 120 dozen books at rs. 120. a dozen.Her overhead expenses were rs .600 .She sold them at rs .12 each .Find his profit or loss percent
Answers
Cost of 12 books = 120
cost of 1 book = 120/12 = Rs. 10
Cost of 120 books 120 x 10 = 1200
Total CP = 1200 + 600 = Rs.1800
SP of 1 book = 12
SP of 120 books = 120 x 12 = Rs.1440
SP ∠ CP
Loss = 1800 - 1440 = Rs.360
Loss percent = 360/1800 x 100 = 20%
Profit Percentage is 15.2 %
Given:
Kanchana bought 120 dozen book at Rs 120 per a dozen
Her overhead expenses were Rs. 600
She sold them at Rs.12 each book
To find:
Find his profit or loss percent
Solution:
Given Kanchana bought 120 dozen book at Rs 120 per a dozen
⇒ Cost of 120 dozen books = 120 × 120 = 14400 Rs
⇒ Her overhead expenses = 600 Rs
Therefore, total cost of 120 dozen books = 14400 + 600 = 15000
Cost price of 120 dozen books = 15000
She sold each book per 12 Rs
Selling price of 120 dozen books = 120 dozen books × 12
As we know 1 dozen = 12 books
120 dozen = 120 × 12 = 1440 books
Selling price of 120 dozen books = 1440 × 12 = 17280
Selling price of 120 dozen books = 17280 Rs
Here, Selling Price > Cost Price
kanchan will gain on whole process
Profit = Selling Price - Cost Price = 17280 Rs - 15000 = 2280
Profit Percentage = (profit/C.p) × 100
= (2280/15000) × 100 = (228/15) = 15.2 %
Profit Percentage = 15.2 %
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